CHARITY REGISTRATION NUMBER: 1045027
The A M Stratford Charitable Trust
Consolidated Financial Statements
5 April 2024

The A M Stratford Charitable Trust
Consolidated Financial Statements
Year ended S April 2024
Page
Trustees, annual report
Trustees, responsibilities statement
Independent auditor's report to the members
Statement of financial activities
10
Balance sheet
11
Statement of cash flows
12
Notes to the financial statements
13

The A M Stratford Charitable Trust
Trustees. Annual Report
Year ended 5 April 2024
The trustees present their report and the financial statements of the charity for the year ended
5 April 2024.
Reference and administrative details
Registered charity name
The A M Slratford 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 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 1 HE
Bankers
Barclays Bank plc
91-92 High Street
King's Lynn
Norfolk
PE30 1 BL
Solicitors
Kenneth Bush Solicitors
11 New Conduit Street
King's Lynn
Norfolk
PE30 1 DG

The A M Stratford Charitable Trust
Trustees. Annual Report (contlnued)
Year ended 5 April 2024
Structure, governance and management
Governing Document
The trust is constituted under a deed dated 22nd December 1994. It is registered as a charity with the
Charity Commission {charily number 10450271.
Management
The trustees meet together with the clerk on a quarterly basis al which time the trustees agree the
broad strategy and areas of activity for the Trust, including consideration of projects to be undertaken,
investment performance, reserves and risk management policies etc.
The day to day adminislralion is dealt wilh by the chairman with the assistance of the clerk.
Trustee Induction and Training
The need for specialist skills are considered when considering and nominations for new trustees.
New trustees attend a meeting with the existing trustees and are briefed with regard to their legal
obligations under the charities acts, They are provided with a copy of the governing trust deed and
given a brief history of the Trust. They are also provided with a copy minutes of the recent trustees
meetings, and copies of the last three years, annual reports and accounts.
All trustees are encouraged lo attend appropriate external training events which will assist them in
fulfilling their role.
The Iruslees give freely of their lime and no trustee remuneration was paid during the year. Details of
related party transactions are contained within note 2 to the accounts
Related Parties
The charity has a subsidiary undertaking, Stratfords Limited a company registered under the
Companies Acts. The trust owns all of the issued share capital of the company,. these being acquired
as part of the legacy to the company from the estate of Miss Audrey Stratford in 2000. The company
makes distributions of profil to the charity after taking into account the sums required for its day to day
operations.
Objectives and activities
The objects of the Charity are lo benefit the inhabitants of King's Lynn and lo advance education by Ihe
establishment and maintenance of a collection of documents, records and recordings illustrating the
past, contemporary and developing history of King's Lynn. Making, acquiring, and maintaining records
of any or every aspect of King's Lynn's geology, prehistory and history. Making, acquiring, indexing,
storing and maintaining audio and visual recordings of the sounds and sights of contemporary and
developing Kings Lynn. Commencing and advancing the compilation of a comprehensive street plan of
King's Lynn, showing changes from the early settlements at King's Lynn until the modern industrial age
and thereafter. Making such collections available for public use by educational institutions and by
persons concerned with research. In general for such charitable purposes for the benefit of the
inhabitants of King'5 Lynn as the Trustees shall think fit.
The objectives for the year are shaped by these strategic aims with a view to maintaining a stable
programme of recording both current and recent historical events and lifestyles I n view however of the
reduction in the investment income received following the economic downturn the trustees have taken
the decision lo postpone any major projects until matters improve.

The A M Stratford Charitable Trust
Trustees, Annual Report (continuedj
Year ended 5 April 2024
The trustees continue to explore other avenues to achieve the objectives of the trust.
In shaping the activities for the year and considering the activities undertaken the trustees have
considered the Charity Commission guidance on public benefit including the policy with regard to fee
charging The trustees give careful consideration to all of these aspects when deciding upon the
projects undertaken in general and upon the level of admission costs to public perfomiances for those
eligible for concessions and those on low incomes.
Achievements and performance
The trust has been working on increasing its profile locally and continuing to improve its website with a
view to making the objects of the trust clear and the grant making process easier for potential
applicants.
The trust has supported a number of projects this year and are mindful of trying to publicise such
grants in order to increase the profile of the trust. The projects supported this year are.. Norfolk Records
Society, to facilitate printing of a book "Socialism in King's Lynn and Suffragism in Great Yarmouth":
King's Lynn Civic Society, lo create name plaques, a handy town guide and a a handy town guide and
a children's book explaining the historic names of current King's Lynn streets,. Collusion. to produce an
interactive and immersive light show at Greyfriars Tower in King's Lynn.
Financial review
The trust is reliant upon the income from investments to fund its operational and charitable aclivilies.
Its overall aim therefore is to keep its expenditure in line with the income from the investments so as to
preserve the capital value of the trust in real terms,
Incoming r8sources increased during 2023-24 by £19,586 10 £71,404. In 2022-23 the income
decreased by £4,521 to £51,818.
This year the Irust has experienced a nel surplus of £76,862. In the previous year the results showe
an overall deficit of £50,854. Net realised gains on listed shares sold amounted to £174 (2023 £1991.
Last year there was a nel realised gain on investment property sold amounting to £55,362. There was
an unreali5ed gain on listed investments in the year of £56,172 (2023. £54,420 loss}. There was no
unrealised gain on revaluation of investment properties this year or last year. Last year, unrealised
losses included £57,500 reversed gains from previous revaluations of the property sold in the year.
The net incoming resources before taking into account the gains and losses on investments amounted
to a surplus of £19,716 {2023 £5,505}
As at 5 April 2024, the charity held total funds of £2,361,536 12023.. £2,285,474). There are no
restricted or designated funds. The trustees consider this level of retained reserve lo be appropriate
with regard to the charity's objectives.
Group income has declined with a decrease of 11.04 % to £1,355.243. The gross trading profit of the
group decreased to £55,65612023'. £235,315). Gross margin on trading declined at 4.330/0 compared
to 16.11 % in 2023.

The A M Stratford Charitable Trust
Trustees, Annual Report (continued)
Year ended 5 April 2024
Nel Group income after gains on investments and the revaluation of investment property decreased by
£43,582 to a £83.929 loss. As at 5 April 2024, the Group held total funds of £2.529,143 {2023'.
£2,613,072).
Principal Risks and Uncertainties
The principal risks affecting the charity are market risks applying lo the valuations of listed investments
and investment property. These are influenced by general economic conditions. The Irustees consider
that the diversity of the charity's inveslment portfolio, together with the risk profile of the managed
funds, is such that such risks are effectively mitigated.
Plans for future periods
The trustees will continue to encourage applications for funding and consider them in furtherance of the
trusts objectives.
The trustees, annual report was approved on
of trustees by..
OU and signed on behalf of the board
Mr J A Hazel
Chairman

The A M Stratford Charitable Trust
Trustees, Responsibilities Statement
Year ended 5 April 2024
The trustees are responsible for preparing the trustees, report and the financial statements in
accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally
Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the charity trustees to prepare financial
statements for each year which give a true and fair view of the state of affairs of the charity and of the
incoming resources and application of resources. of the charity for that period.
In preparing these financial statements, the trustees are required to..
select suitable accounting policies and then apply them consistently,
observe the methods and principles in the applicable Charities SORP.,
make judgments and accounting estimates that are reasonable and prudent.,
state whether applicable UK Accounting Standards have been followed, subject to any material
departures disclosed and explained in the financial statements,
prepare the financial slatements on the going concern basis unless it is inappropriate to presume
that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records thal are sufficient to show and
explain the charity's transactions and disclose with reasonable accuracy at any lime the financial
position of the charity and enable them to ensure that the financial slalements comply with the
Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of
the Trust Deed. They are also responsible for safeguarding the assets of the charity and hence for
taking reasonable steps for the prevention and detection of fraud and other irregularities.

The A M Stratford Charitable Trust
Independent Auditor's Report to the Members of The A M Stratford Charitable
Trust
Year ended 5 April 2024
Opinion
We have audited the consolidated financial statements of The A M Stralford Charitable Trust and its
subsidiaries (the 'Group') for the year ended 5 April 2024 which comprise the consolidated statement of
financial activities. the consolidated balance sheet, the consolidated statement of cash flows and the
related notes, including a summary of significant accounting policies. The financial reporting framework
that has been applied in their preparation is applicable law and United Kingdom Accounting Slandards,
including FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland
(United Kingdom Generally Accepted Accounting Practice}.
In our opinion, the financial statements..
give a true and fair view of the state of the group's affairs as at 5 April 2024 and of ils incoming
resources and application of resources, including its income and expenditure, for the year then
ended.,
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice.,
have been prepared in accordance with the requirements of the Charities Act 2011.
Basis for opinion
We conducled our audit in accordance with International Standards on Auditing (UK} {ISAs (UK)) and
applicable law. Our responsibilities under those standards are further described in the auditor's
responsibilities for the audit of the financial statements section of our report. We are independent of the
charity in accordance with the ethical requirements that are relevant to our audit of the financial
statements in the UK, including the FRC'S Ethical Standard, and we have fulfilled our olher ethical
responsibilities in accordance with these requirements. We believe thal the audit evidence we have
obtained is sufficient and appropriate lo provide a basis for our opinion.
Conclusions relating to golng concern
We have nothing to report in respect of the following matters in relation to which the ISAS (UK) require
us lo report to you where..
the trustees, use of the going concern basis of accounting in the preparation of the financial
statements is not appropriate.. or
the trustees have not disclosed in the financial statements any identified material uncertainties
that may cast significant doubl about the charity's ability lo continue to adopt the going concern
basis of accounting for a period of at least twelve months from the date when the financial
statements are authorised for issue.

The A M Stratford Charitable Trust
Independent Auditor's Report to the Members of The A M Stratford Charitable
Trust (continued)
Year ended 5 April 2024
Other information
The other information comprises the information included in the annual report, other than the financial
statements and our auditor's report thereon. The trustees are responsible for the other information. Our
opinion on the financial statements does not cover the other information and, except to the extent
olherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
In connection with our audit of the financial statements, our responsibility is to read the other
infomiation and, in doing so. consider whether the other information is materially inconsistent with the
financial statements or our knowledge obtained in the audit or otherwise appears to be materially
misstated. If we identify such material inconsistencies or apparent material misstatements, we are
required to delemine whether there is a material misstatement in the financial statements or a material
misstatement of the other information. If, based on the work we have performed. we conclude that
there is a material misstatement of this other information, we are required to report that fact.
We have nothing lo report in Ihis regard.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charity and its environment obtained in the
course of the audit, we have not identified material misslat8menls in the trusl8es' report.
We have nothing to report in respect of the following matters in relation to which the Charities Act 2011
requires us to report to you if, in our opinion..
the information given in the trustees, report is inconsistent in any material respect with the
financial statements., or
adequate accounting records have not been kept., or
the financial statements are not in agreement with the accounting records and returns., or
we have not received all the infomiation and explanations we require for our audil.
Responslbilitles of trustees
As explained more fully in the trustees, responsibilities statement, the trustees are responsible for the
preparation of the consolidated financial statements and for being satisfied that they give a true and fair
view, and for such internal control as the truslees detemine is necessary to enable the preparation of
financial statements that are free from material misstatement, whether due lo fraud or error.
In preparing the consolidated financial statements, the Iruslees are responsible for assessing the
charity's ability to continue as a going concern, disclosing, as applicable, matters related to going
concern and using the going concern basis of accounting unless the trustees either intend to liquidate
the charity or to cease operations, or have no realistic alternative bul to do so.

The A M Stratford Charitable Trust
Independent Auditor's Report to the Members of The A M Stratford Charitable
Trust (¢ontinuedJ
Year ended S April 2024
Auditor's responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole
are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that
includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an
audit conducted in accordance with ISAS {UKI will always detect a material misstatement when it
exists. Misstatements can arise from fraud or error and are considered material if, individually or in the
aggregate, they could reasonably be expected to influence the economic decisions of users taken on
the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design
procedures in line with our responsibilities, outlined above, lo detect material misstatements in respect
of irregularities, including fraud. The extent to which our procedures are capable of detecting
irregularities, including fraud is detailed below..
We identify and assess the risks of material misstatement of the financial statements, whether due lo
fraud or error, and then design and perform audit procedures responsive to those risks, including
obtaining audit evidence that is sufficient and appropriate to provide a basis for our opinion.
In identifying and assessing risks of material misstatement in respect of irregularities, including fraud
and non-compliance with laws and regulations, we considered the following: the nature of the industry
and sector, control environment and business performance including the key drivers for directors,
remuneration,. the Companies own assessment of the risks that irregularities may occur either as a
result of fraud or error., results of our enquiries of management, any matters we identified having
obtained and reviewed the companies documentation of their policies and procedLsres relating to
identifying, evaluating and complying with laws and regulations and whether they were aware of any
instances of non-compliance., detecting and responding to the risks of fraud and whether they have
knowledge of any actual, suspected or alleged fraud.
In common with all audits under ISAS IUKI we are also required lo perform specific procedures to
respond lo the risk of management override. We also obtained an understanding of the legal and
regulatory framework that the Company operates in, focusing on provisions of those laws and
regulations that had a direct effect on the determination of material amounts and disclosures in the
financial statements. The key laws and regulations we considered in this context included the UK
Companies Act and lax legislation.
As a result of perfomiing the above, we identified accounting estimates as a key audit matter related to
the potential risk of fraud. Our procedures to respond to risks identified included the following, all
material accounting estimates tested lo supporting documentation to assess compliance with
provisions of relevant laws and regulations,. performance of analytical procedures lo identify any
unusual or unexpected relationships that may indicate risks of material misslalemenl due to fraud.
As part of an audit in accordance with ISAS {UK), we exercise professional judgment and maintain
professional scepticism throughout the audit. We also..
Identify and assess the risks of material misslalement of the financial stalemenls, whether due lo
fraud or error, design and perform audit procedures responsive lo those risks, and obtain audit
evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not
delecting a material misstatement resulting from fraud is higher than for one resulting from error,
as fraud may involve collusion. forgery, intentional omissions, misrepresentations, or the override
of internal control.
Obtain an understanding of internal control relevant to the audit in order lo design audit
procedures that are appropriate in the circumstances, but not for the purpose of expressing an
opinion on the effectiveness of the intemal control.

The A M Stratford Charitable Trust
Independent Auditor's Report to the Members of The A M Stratford Charitable
Trust (continugd)
Year ended 5 April 2024
Evaluate the appropriateness of accounting policies used and the reasonableness of accounting
estimates and related disclosures made by the trustees.
Conclude on the appropriateness of the trustees, use of the going concern basis of accounting
and, based on the audit evidence obtained, whether a material uncertainty exists related to events
or conditions that may cast significant doubl on the charity's ability to continue as a going
concern. If we conclude that a material uncertainty exists, we are required to draw attention in our
auditor's report to the related disclosures in Ihe financial statements or, if such disclosures are
inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up
to the date of our auditor's report. However, future events or conditions may cause the charity to
cease to continue as a going concern.
Evaluate the overall presentation, structure and content of the consolidated financial statements,
including the disclosures, and whether the financial statements represent the underlying
transactions and events in a manner that achieves fair presentalion.
We communicate with those charged with governance regarding, among other matters, the planned
scope and timing of the audit and significant audit findings, including any significant deficiencies in
internal control that we identify during our audit.
Use of our report
This report is made solely to the charity's members, as a body, in accordance with Part 4 of the
Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we
might state to the charity's members those matters we are required to state to them in an auditor's
report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume
responsibility to anyone olher than the charily and the charily's members as a body, for our audrt work,
for this report, or for the opinions we have formed.
Mrs Sharon Edwards F.C.A. (Senior Statutory
Auditor)
For and on behalf of
Mapus-smith & Lemmon LLP
Chartered Accountants & Statutory Auditor
48 King Street
King's Lynn
Norfolk
PE30 1HE

The A M Stratford Charitable Trust
Consolidated Statement of Financial Activities
Year ended 5 April 2024
2024
2023
Unrestricted
funds Total funds
Total funds
Note
Income and endowments
Incoming resources from generating funds..
Commercial trading operation
Investment income
Other income
1,285,320
65,509
4,414
1,285,320
65,509
4,414
1,460,904
62,412
94
Total income
1,355,243
1,355,243
1,523,410
Expenditure
Expenditure on raising funds..
Commercial trading operation
Investment management costs
Expenditure on charitable activities
Governance costs
11,435,034) (1,435,034) (1,453.455)
(19,398)
{19,398}
116.137)
{25,830}
(25,830}
122.882)
115.256)
{15,256}
114,974)
9,10
Total expenditure
(1,495.5181 11,495.5181 {1.507.448)
Net {losses)Igains on investments
11
56,346
56,346
156,359)
Net Income and net movement In funds
(83,929)
(83,929)
(40,397)
Reconciliation of funds
Total funds brought forward
Total funds carried forward
2,613,072
2,613,072
2,653,469
2,529,143
2,529,143
2,613,072
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing aclivilies.
The notes on pages 13 to 27 fomi part of these financial statements.
10

The A M Stratford Charitable Trust
Consolidated Balance Sheet
Year Ended 5 April 2024
Group
2024
Group
2023
Charity
2024
Charity
2023
Note
Fixed assets
Tangible assets
Investments
15
16
238,440
1,665,983
212,212
1,611.482
1,965.800
1,911,299
1.904,423
1,823,694
1,965,800
1,911,299
Current assets
Stock
Debtors
Cash al bank and in hand
296,665
185,301
410,783
261.610
213,733
607,977
17
106,704
300,374
107,898
276,349
892,749
1,083,320
407,078
384,247
Creditors: amounts falling due within one
year
18
218,763
228,514
11,342
395,736
10,072
Net current assets
673,986
854,806
374,175
Total assets less Gurrent liabilities
2,578,409
2,678,500
2,361,536 2,285,474
Creditors: falllng due after more than one year 19
Provision for liabilities
20
28,481
20,785
65.428
Net assets
2,529,143
2,613.072
2,361,536 2,285,474
Funds of the charity
Unrestricted funds
2.529,143
2,613,072
2,361,536 2,285,474
Total charity funds
2.529,143
2,613,072
2,361,538 2,285,474
These financial statements were approved by the board of trustees and avthorised for issue on
.&. (Li2/2_.L5.. and are signed on behalf of the board by..
MrJAHaze
Mr P A J Croker
The notes on pages 13 to 27 fomi part of these financial ststements.
11

The A M Stratford Charitable Trust
Consolidated Statement of Cash Flows
Year ended 5 April 2023
2024
2023
Cash flows from operating activities
Net income
{83,929)
{40,397)
Adjustments for
Depreciation of tangible assets
Revaluation reserve
Net loss on disposal of tangible assets
Net gainslllossl on investments
Dividends. interest and rents from investments
Other interest receivable and similar income
Provision for deferred tax
Tax on commercial profil
30,106
23,877
156,346)
162,842)
12,667)
(44,643)
18,363)
56,359
161,931)
(481 }
11,264)
18,590)
Changes in..
Stock
Trade and other debtors
Trade and other creditors
<35,055)
31,072
24,453
16,0711
{21,282)
39,226
Cash generated from operations
1208,2141
(20,5541
Interest received
Tax Paid
2,667
481
Nel cash used in operating activities
(205,547)
120,0731
Cash flows from investing activities
Purchase of tangible assets
Proceeds of sale of tangible assets
Dividends, interest and rents from investments
Purchases of other investments
Proceeds from sale of other inveslments
164,1421
7,808
62,842
61,931
12,476) 1202,212)
4,321
192,998
(33,635)
Net cash (used in)Ifrom investing activities
1197,1941
Cash flows from financing activities
Borrowings repaid
Net cash used in financing activities
Net Idecreasellincrease in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year
(197,194)
607,977
19911
608,968
410,783
607,977
Tho notes on page 13 to 27 form part of these financial statements.
12

The A M Stratford Charitable Trust
Notes to the Financial Statements (contlnued)
Year ended 5 April 2024
General information
The charity is a public benefit entity and a registered charity in England and Wales and is
unincorporated. The address of the principal office is 22-26 King Street, King's Lynn, Norfolk,
PE30 1HJ.
These financial statements consolidate the results of the Charity and its subsidiary on a line by
line basis. The subsidiary is a private company limited by shares, registered in England and
Wales. The informalion consolidated for the subsidiary is per the financial statements for the year
ended 31 January 2024.
A separate statement of financial activitie5 and statement of cash flows is not presented for the
Charity Itself following the exemptions available under the Companies Act 2006 and the Charities
SORP.
Statement of compliance
These financial statements have been prepared in accordance with the Statement of
Recommended Practice.. Accounting and Reporting by Charities (Charities SORP) preparing their
accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic
of Ireland (FRS 1021 issued on 16 July 2014 and the Financial Reporting Standard applicable in
the UK and Republic of Ireland IFRS 102) and the Charities Act 2011 and UK Generally Accepted
Practice as it applies from 1 January 2015. The charity is a public benefit entity.
The financial statements have been prepared to give a "true and fairt, view and have departed
from the Charities (Accounts and Reports) Regulations 2008 only lo the extent required to provide
a true and fair view,. This departure has involved following Accounting and Reporting by
Charities preparing their accounts in accordance with the Financial Reporting Standard applicable
in the UK and Republic of Ireland {FRS 102) issued on 16 July 2014 rather than the Accounting
and Reporting by Charities.. Statement of Recommended Practice effective from 1 April 2005
which has since been withdrawrs.
Accounting policies
Realised gains and losses
All Gairss and Losses are taken to the Statement of Financial Activities as they arise. Realised
Gains and Losses on investments are calculated as the difference between the sale proceeds and
the opening market value lor purchase date if later}. Unrealised Gains and Losses are
calculated as the difference between the markel value at the year end and the opening market
value or purchase price if later, Realised and unrealised gains and losses are not separated in
the Statement of Financial Activities.
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the
revaluation of certain financial assets and liabilities and investment properties measured at fair
value through income or expenditure.
The financial stalements are presented in pound sterling and rounded to the nearest pound.
Going concern
There are no material uncertainties about the charity's ability to continue.
13

The A M Stratford Charitable Trust
Notes to the Financial Statements {continuedJ
Year ended 5 April 2024
Accounting policies {continued)
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates
and assumptions that affect the amounts reported. These estimates and judgements are
continually reviewed and are based on experience and other factors. including expectations of
future events that are believed to be reasonable under the circumstances.
(il Useful economic lives of tangible assets
The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful
economic lives and residual values of the assets. The useful economic lives and residual values
are re-assessed annually. They are amended when necessary to reflect current estimates. based
on technological advancements, future investments, economic ulilisalion and the physical
condition of the assets. See note 6 for the carrying amount of tangible assets and note 3 for the
useful economic lives for each class of assets.
liilTaxation
The company establishes provisions based on reasonable estimates, for possible
consequences of audits by the lax authorities. The amount of such provisions is based on various
factors, such as experience with previous tax audits and differing inlerprelations of
lax
regulations by the taxable entity and the responsible tax authority.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees lo further any of the
charity's purposes.
Designated funds are unrestricted funds earmarked by the trustees for particular future project or
commitment.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or
Ihrough the terms of an appeal, and fall into one of two sub-classes.. restricted income funds or
endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when enlillement has
passed to the charity, it is probable that the economic benefits associated with the transaction will
flow lo the charity and the amount can be reliably measured. The following specific policies are
applied lo particular categories of income..
income from donations or grants is recognised when there is evidence of entitlement to the
gift, receipt is probable and its amount can be measured reliably.
legacy income is recognised when receipt is probable and entitlement is established.
income from donated goods is measured at the fair value of the goods unless this is
impractical to measure reliably, in which case the value is derived from the cost lo the donor
or the estimated resale value. Donated facilities and services are recognised in the account5
when received if the value can be reliably measured. No amounts are included for the
contribution of general volunteers.
14

The A M Stratford Charitable Trust
Notes to the Financial Statements fcontinuedj
Year ended 5 April 2024
Accounting policies (continued)
Income from trading activities is recognised when earned, as the related goods and services
are provided.
income from contracts for the supply of services is recognised with the delivery of the
contracted service. This is classified as unrestricted funds unless there is a contractual
requirement for il to be spent on a particular purpose and returned if unspent, in which case
it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any
VAT which cannot be fully recovered, and is Classified under headings of the statement of
financial activities lo which it relates..
expenditure on raising funds includes the costs of all fundraising activities, events,
non-charilable trading activities, and Ihe sale of donaled goods.
expenditure on charitable activities includes all costs incurred by a charity in undertaking
activities that further its charitable aims for the benefit of its beneficiaries, including those
support costs and costs relating to the governance of the charity apportioned to charitable
activities.
other expenditure includes all expenditure that is neither related to raising funds for the
charity nor part of its expenditure on charitable aclivities.
All costs are allocated lo expenditure categories reflecting the use of the resource. Direct costs
attributable to a single activity are allocated directly to that activity. Shared costs are apportioned
between the activities they contribute to on a reasonable, justifiable and consistent basis.
Fixed Assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is provided at the following rates in order to write off each asset over its useful
economic life.
Freehold property
Plant & machinery
Fixtures & fittings
Motor vehicles
15 % on reducing balance
15010 on reducing balance
250/0 on reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and
sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing
the stock lo its present location and condition.
15

The A M Stratford Charitable Trust
Notes to the Financial Statements (conlinuedj
Year ended 5 April 2024
Accounting policies (continued)
Investments
Unlisted equity investments are initially recorded at cost. and subsequently measured at fair
value. If fair value cannot be reliably measured, assets are measured al cost less impairment.
Listed investments are measured at fair value with changes in fair value being recognised in
income or expenditure.
Investment propety
Investment property is revalued to ils fair value at each reporting date and any changes in fair
value are recognised in profrt or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost
less any accumulated impairment losses.
Investments in associates accounted for in accordance with the fair value model are initially
recorded at the transaction price, At each reporting dale, the investments are measured at fair
value, with changes in fair value taken through income or expenditure. Where it is impracticable to
measure fair value reliably without undue cost or effort. the cost model will be adopted.
Dividends and other distributions received from the investment are recognised as income without
regard to whether the distributions are from accumulated profits of the associate arising before or
after the date of acquisition.
Provlslons
Provisions are recognised when the entity has an obligation al Ihe reporting date as a result of a
past event, it is probable that the entity will be required to transfer economic benefits in settlement
and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability
in the balance sheet, and the amount of any provision in the year as an expense.
Financial instruments
A financial asset or a financial liability is recognised only when the enlity becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised al the transaction price, unless the arrangement
constitutes a financing Iransaclion, where it is recognised at the present value of the future
payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Accounting policies (continued}
Financial assets that are measured al cost or amortised cosl are reviewed for objective evidence
of impairment at the end of each reporting date. If there is objective evidence of impairment, an
impairment loss is recognised in profit or loss immediately.
16

The A M Stratford Charitable Trust
Notes to the Financial Statements (continued)
Year ended 5 April 2024
Financial liabilities and equity instruments are classified according to the substance of the
contractual arrangements entered into. An equity instrument is any contract that evidences a
residual interest in the assets of the entity after deducting all of its financial liabilities.
Where the contractual obligations of financial instruments (including share capital) are equivalent
to a similar debt instrument, those financial instruments are classed as financial liabilities.
Financial liabilities are presented as such in the balance sheet. Finance costs and gains or
losses relating lo financial liabilities are included in the profit and loss account. Finance costs are
calculated so as to produce a constant rate of return on the outstanding liability.
Where the contractual terms of share Capital do not have any terms meeting the definition of a
financial liability then this is classed as an equity instrument. Dividends and distributions felating
to equity instruments are debited direct to equity.
Taxation
Taxation for the year comprises current and deferred tax, Tax is recognised in Ihe Statement of
Income and Retained Earnings, except to the extent that it relates to items recognised in other
comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted
Current tax is recognised at the amount of tax payable using the tax rates and laws that have
been enacted or substantively enacted by the balance sheet dale.
Deferred tax
Deferred tax is recognised in respecl of all timing difference5 that have originated but not
reversed al the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in
periods different from those in which they are recognised in financial slatements. Deferred tax is
measured using tax rates and laws that have been enacted or substantively enacted by the year
end and that are expected to apply to the reversal of the timing difference.
Unrelieved lax losses and other deferred tax assets are recogni5ed only to the extent that it is
probable that they will be recovered against the reversal of deferred tax liabilities or other future
taxable profits.
Hire purchase and leasing commitments
Assets held under finance leases and hire purchase contracts are recognised in the balance
sheet as assets and liabilities at the lower of the fair value of the assets and the present value of
the minimum lease payments, which is determined at the inception of the lease term. Any initial
direct costs of the lease are added to the amount recognised as an asset.
17

The A M Stratford Charitable Trust
Notes to the Financial Statements fcontinued)
Year ended 5 April 2024
Accounting policies Icontinuedl
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable lo the
company's pension scheme are charged to profit or loss in the period to which they relale.
Financial activittes of the Charity
The financial activities shown in the consolidated stalement include those of the charity's
wholly-owned subsidiary.
A summary of the financial activities undertaken by the charity excluding tts subsidiary is set out
below'.-
2024
2023
Gross incoming resources
Total expenditure on charitable activities
Investment management costs
Governance costs
I nvestment gainlllossl
71,404
(25.8301
(10,6021
(15,2561
56,346
51,818
122.882}
18.4571
114,974}
156,3591
Net movement incoming resources
76,062
150,8541
Total funds brought forward
2,285,474
2,336,328
Total funds carried forward
2,361,536
2,285,474
Incoming resources from activities for generating funds
The trading subsidiary company, Straffords Limited, pays its profits, other than those sums
required for its trading activities, as a distribution to the charity. The charity owns 100 % of Ihe
issued share capital of the company.
A summary of the trading results for the year to 31 January 2024 and 2023 is shown below'.-
Turnover
Cost of sales and administration costs
Other income
Interest receivable
Interest payable
Taxation
1,285,320
(1,491,570)
13,000
19
18,126)
48,826
1,460,904
11,458,070)
15,000
14,5051
12,9191
Net {loss)Iprofit after taxation
Revaluation reserve transfer
{152,531)
10.411
Retained in the subsidiary
{152,531)
10,411
18

The A M Stratford Charitable Trust
Notes to the Financial Statements (continued)
Year ended 5 April 2024
Incoming Resources Icontinuedl
2024
2023
Fixed Asset5
Current Assets
Current Liabilities
Long Term Liabilities
598,666
614,503
(207,4211
(128,481)
572,478
799,073
{218,442)
(115,811)
Net Assets
877,267
1,037,298
Investment income
Unrestricted Total Funds
Funds
2024
Total Funds
2023
Income from investment properties
Income from listed investments
37.420
25,422
37.420
25,422
38.694
23,237
Bank interest receivable Barclays bank
plc
2,667
2,667
481
65,509
65,509
82,412
Other income
Unrestricted Total Funds
Funds
2024
Total Funds
2023
Compensation
Public Library lending royalties
4,288
126
4,288
126
94
4,414
4,414
94
19

The A M Stratford Charitable Trust
Notes to the Financial Statements {continuedJ
Year ended 5 April 2024
Investment management costs
Unrestricted Total Funds
Funds
2024
Total Funds
2023
Portfolio management
Property management costs
Property costs - repairs and
maintenance
Property costs - Electricity
Property costs - Insurances
Property cosls - Council tax
Property costs - Bad debts wrrtten off
Property costs- Sundry
Property costs- Legal and
professional
Property costs - Loan interest
1.775
9,605
1.775
9,605
2,955
9,419
4,769
40
1,699
4,769
40
1,699
328
260
1,833
112}
606
6C
534
904
904
820
19,398
19,398
16,137
Expenditure on charitable activities by fund type
Unreslricled Total Funds
Funds
2024
Total Funds
2023
GranlslDonalions to institutions
Support costs
25,830
15,256
25.830
15,256
22,882
14,974
41,086
41,086
37,856
10. Expenditure on charitable activities by activity type
Activities
undertaken
directly Support costs
Total funds
2024
Total fund
2023
GrantslDonalions lo institutions
Governance costs
25,830
25,830
15,256
22,882
14,974
15,256
25,830
15,256
41,086
37,856
20

The A M Stratford Charitable Trust
Notes to the Financial Statements (continued)
Year ended 5 April 2024
10a. Expenditure on charitable activities
Grantsldonations to institutions
Activities undertaken directly
2024
2023
King's Lynn Civic Society
All Saints Church
Collusion
Festival Too
St Peters Church
Norfolk Records Office
Norfolk Records Society
Tapping House
10,530
5,000
3,000
10,000
10,000
5.000
2,882
2.000
300
25,830
22,882
Governance costs
Governance costs - insurance
Governance costs - accountancy fees
Governance costs- audit fees
Governance costs- legal and professional fees
436
10,740
4,080
574
10,320
4,080
15,256
14,974
Expenditure on charltable activities
41,086
37,856
11. Net gains on investments
Unrestricted Total Funds Unrestricted Total Funds
Funds
2024
Funds
2023
Unrealised fair value adjustmenls on
investment assets
Realised gains on investment assets
56,172
174
56,172
174
1111,920) (111,9201
55,561
55,561
56,346
56,346
156,3591
(56,359}
12. Auditors remuneration
2024
2023
Fees payable for the audit of the financial statemenls
19,080
16.080
13. Staff costs and emoluments
The tolal staff costs and employee benefits for the reporting period are £451,251 {2023'.
£372,653)
The average head count of employees during the year was 18 {2023.' 171.
No employee received employee benefits of more than £60.000 during the year12023'. nill.
21

The A M Stratford Charitable Trust
Notes to the Financial Statements (continuedj
Year ended 5 April 2024
14. Trustee remuneration and expenses
A trustee, Mr J Hazel, received remuneration, as director of the subsidiary company, amounting lo
£5,208 {2023 - £5,208)
A trustee, Mr P Croker, received remuneration, as director of the subsidiary company, amounting
to £5,20812023 - £4.774).
No reimbursement of expenses arose during the year.
15. Tangible Fixed Assets {Group only)
Freehold
Property
Plant &
Machinery
Fixtures &
Fittings
Motor
Vehicles
Total
Cost or valuation
At 6 April 2023
Additions
Disposals
Revaluations
195,928
6,000
87.414
29,250
52,225
1,592
129,225
464.792
27,300
64,142
139,061) 139,061)
At 5 April 2024
201,928
116,664
53,817
117,464
489,873
Depreciation
Al 6 April 2023
Charge for the year
Disposals
Transfers
87,810
4.039
57,851
6,811
31,345
3,276
75,574
252,580
15,980
30,106
{31.253) {31,253)
At 5 April 2024
91.849
64,662
34,621
60,301
251,433
Net book value
At 5 April 2024
110,079
52,002
19,196
57,163
238,440
At 5 April 2023
108.118
29,563
20,880
53,651
212,212
22

The A M Stratford Charitable Trust
Notes to the Financial Ststements (¢ontinued)
Year ended 5 April 2024
16. Investments
Group
Cash or cash
equivalents
Listed
investments
Investment
properties
Total
Cost or valuation
At 6 April 2023
Additions
Disposals
Fair value movements
1,030
2,476
(1,844)
815,452
795,000
1,611,482
2,476
{4,147}
56,172
{2,3031
56,172
At 5 April 2024
Carrying amount
At 5 April 2024
Al 5 April 2023
1,662
869,321
795,000
1,665,983
1,662
869,321
795,000
1,665,983
1,030
815,452
795,000
1,611,482
The above carrying amounts are recognised as follows..
Cash or cash
equivalents
Listed
investments
Investment
properties
Total
At 5 April 2024
Held at fair value
1,662
869,321
795,000
1,665,983
Al 5 April 2023
Held at fair value
1,030
815,452
795,000
1,611,482
Charit
Shares in
Cash or cash
Listed Investment
group
equivalents investments
properties undertakings
Total
Cost or valuation
At 6 April 20223
Additions
Disposals
Fair value movements
1,030
2,476
11,8441
815,452
435,000
659,817
1,911,299
2,476
(4,147)
56,172
12,3031
56,172
At 5 April 2024
Carrying amount
At 5 April 2024
At 5 April 2023
1.662
869,321
435,000
659,817
1,965,800
1,662
869,321
435,000
659,817
1,965,800
1,030
815,452
435,000
659,817
1,911,299
23

The A M Stratford Charitable Trust
Notes to the Financial Statements (continuedj
Year ended 5 April 2024
The above carrying amounts are recognised as follows..
Shares in
Investment
group
properties undertakings
Cash or cash
Listed
equivalenls investments
Total
At 5 April 2024
Held at fair value
Held at historical cost
less impairment
1,662
869,321
435,000
1,305,983
659,817
659,817
At 5 April 2023
Held at fair value
Held al historical cost
less impairment
1,030
815,452
435,000
1,215,482
659,817
859,817
Llsted investments
The aggregate market value of listed investments is £869,321 {2023.' £815,452).
Investment properties
The freehold inveslmenl properties were revalued as al 5th April 2022 by Geoffrey Collings & Co,
Chartered SuNeyors. The Tru51ees have again reviewed these property values and are satisfied
that there is no requirement for any adjuslmenl this year.
Ftnancial assets held at fair value
The fair value of listed investments represents the market value as at 05.04.2024, being Ihe
mid-market buylsell price at market close. The aggregate cost of listed investments at 05.04.2024
was £764,736 {2023.' £767,038). As noted above, the investment properties were revalued by the
Trustees during the year, The valuation of these properties was on an open market basis. The
aggregate cost of investment properties at 05.04.2024 was £231,844 {2023.. £231,844).
Subsidiaries
The inveslmenls in subsidiaries relates to the 1000/0 share capital held in Stratfords Limited,
registered in England & Wales number 00167923. The results for the company for the year ended
31 January are as follows..
2024
2023
Turnover
(LossJlProfit
Aggregate value of assets and liabilities
1.285,320
{152,5311
877,267
1.460,904
10.411
1.037,298
Registered office.. 22-26 King Street
King's Lynn
Norfolk
PE30 1HJ
24

The A M Stratford Charitable Trust
Notes to the Financial Statements (con¢inued)
Year ended 5 April 2024
17. Debtors
Group
2024
Group
2023
Charity
2024
Charity
2023
Trade debtors
Amounts owed by group undertakings
Corporation Tax
Prepayments and accrued income
Other debtors
163,229
193,799
100,000
100,000
2,640
12,513
6,919
13,437
6,497
1,287
5,417
1,401
6,497
185,301
213,733
106,704
107,898
Debtors include the sum of £100,000 advanced to a subsidiary, Slralfords Limited. The loan
bears interest at 20/0 above the Bank of England base rate and is secured on freehold property
owned by the company The loan is repayable on demand.
A sum of £100.000 was advanced to the subsidiary in September 2024 under the same terms
detailed above.
18. Creditors: amounts falling due within one year
Group
2024
Group
2023
Charity
2024
Charlty
2023
Hire purchase
Trade creditors
Corporation Tax
Other taxes and social security costs
Other creditors
10,185
149,883
156,979
5,723
30,060
35,752
18,909
39,786
11,342
10,072
218,763
228,514
11,342
10,072
19. Creditors: Amounts falling due after more than one year
Group
2024
Group
2023
Charity
2024
Charity
2023
Hire purchase
28,481
28,481
25

The A M Stratford Charitable Trust
Notes to the Financial Statements (continuedj
Year ended 5 April 2024
20. Provision for liabilities
Group
2024
Group
2023
Charity
2024
Charity
2023
Deferred taxation
20,785
65,428
20,785
65,428
21. Analysis of charitable funds
Unrestrlcted funds
At
6 April 2023
Gains and
At
losses 5 April 2024
Income Expenditure
General funds
2,285,474
71.404
(51,688)
56,346
2,361,536
At
6 April 2022
Gains and
At
losses 5 April 2023
Income Expenditure
General funds
2,336,328
51,818
{46,313)
156,359) 2,285,474
22. Analysis of net assets between funds
Unrestricted Total Funds
Funds
2024
Investments
Current Assets
Creditors less than 1 year
Net assets
1,965,800
407,078
111.342)
2,361,536
1,965,800
407,078
(11,342)
2,361,536
Unrestricted Tolal Funds
Funds
2023
Investments
Current Assets
Creditors less than 1 year
Net assets
1,911,299
384,247
110,072)
2,285.474
1,911,299
384,247
110,0721
2,285,474
26

The A M Stratford Charitable Trust
Notes to the Financial Statements (contlnuedj
Year ended 5 April 2024
23. Financial instruments
The carrying amount for each category of financial instrument is as follows..
2024
2023
Financial assets measured at fair value through income and expenditure
Financial assets measured at fair value through income and
expenditure
1,665,983
1,611.482
Financial assets that are debt instruments measured at amortised cost
Financial assets that are debt instruments measured al amortised
cost
170,148
200,296
Financial liabilities measured at amortised cost
Financial liabilities measured at amortised cost
189,669
192,731
24. Cash and cash equivalents
2024
2023
Cash at bank and in hand
Bank overdraft
410,783
607,977
410,783
607,977
2S. Related parties
A trustee, Mr J Hazel, is a partner at Geoffrey Collings & Co estate agents, who received fees
tolalling £2,745 {2023.' £4,779) in respect of services provided including the collection of rents
from the properties owned by the trust.
A trustee, Mr P Croker, is a director of Kenneth Bush Ltd, Solicitors. No fees were paid this year
(2023. £5,686} in respect of services provided to the group.
27