G.W. Staniforth Charity
For the year ended 31 March 2023
Charity Number 1048890

G.W. Staniforth Charity
Financial statements
Year ended 31 March 2023
CONTENTS
Page No.
Trustees, Annual Report
Independent Examinerfs Report
Statement of Financial Activities
io
Balance Sheet
li
Notes to the Financial Statements
12-21

G.W. Staniforth Charity
Trustee annual report Icontinuedl
Year ended 31 March 2023
The board of management present their report and the unaudited financial statements of the Charlty for the
year ended 31 March 2023.
The financial statements have been prepared in accordance with the accounting policies set out in notes to the
account5 and comply with the Charity's governing document, the Charities Act 2011 and Accounting and
Reporting by Charitie5'. Statement of Recommended Practice applicable to charities preparing their account5 in
accord3nce with the Financial Reporting Standard applicable in the UK and Republic of Ireland published in
October 2019.
Reference and administration details
G.W. Staniforth Charity is also known by the working name of G W Staniforth Trust and is a registered Charity,
number 1048890.
Address of Charity
Kings House
King Street
Thetford
Norfolk
IP24 2AP
Trustee
The sole corporate trusteels Thetford Town Council.
Board of Management
The board of management consist5 of six nominated councillor5 of Thetford Town Council together with three
o- opted board members, who at the date of signing this report are as follows..
Nominated councillors of Thetford Town Council..
T Jermy (Vice Chairl
A Blackbourn (appointed S May 20231
T Land (appointed 5 May 20231
S Wright (Chairl
D Blackbourn lappointed 5 May 20231
M Stirrup lappointed 5 May 20231
Co-opted members
P Pearson
J Willott lappointed 5 December 20231
M Robinson (appointed 5 December 20231

G.W. Staniforth Charity
Trustee annual report Icontlnuedl
Year ended 31 March 2023
Board Member appointments and resignations since the last report..
K Brooks (appointed 5 May 20231
D Jefferson (appointed 5 May 20231°
D Evans lappointed 5 May 20231.
C 8arreto (resigned 5 December 20231
R Wood lappointed S May 20231,
A Mitchell lappointed 5 May 20231
C Harvey Ire5i8ned 5 December 20231
M MacDonald (resigned 5 December 20231
S Terry lappointed 5 May 20231.
M Brindle (resigned 5 December 20231
V Peters (appointed 5 May 20231°
H Mccambridge (appointed 5 May 20231.
S Ames (resigned l December 20221
N Chapman Iresi8ned 5 December 20231
R Brame Iresigned 4 May 20231
B Canham (resigned 4 May 20231
D Crawford (resigned 4 May 20231
S Dowling (resigned 4 May 20231
J Hollis Iresigned 4 May 20231
l James (resigned 4 May 20231
E Kelly Iresigned 4 November 20221
S Nash Iresigned 4 November 20221
K Parker Iresigned 4 May 20231
B Slcull (resigned 3 August 20231
M Taylor (resigned 4 May 20231
B Tullett (resigned 4 May 20231
D Hodgkin50n (resigned 4 May 20231
All denoted with* also resigned on 5 December 2023
The Clerk to the board of management is H MacDorbald.
Reference and admlnlstratlon detalls
Banker
Unity Trust B3nk
Four Brindleyplace
Birmingham
BI 2JB
Investment Advisers
Barratt and Cooke
5 Opie Street
Norwich
NRI 3DW
Inde
endent Examiner
L Thurston FCCA
Lovewell Blake LLP
Chartered Accountants
First Floor
2 Hillside Business Park
Bury St Edmunds
IP32 7EA
Objectives and activities
The Charity Is established to preserve and maintain the King's House and King's House Gardens (Thetfordl for
the benefit of the town's people of Thetford.
The house, gardens and some other properties were bequeathed to the Mayor, Alderman and Burgesses of the
Borough of Thetford in 1946. Subsequently, additional land and walls to the rear of the then Eardens were
bequeathed to or purchased by the Charity, enabling the gardens to be extended and various facilities provided,
as outlined in previous reports.
With the introduction of local Eovernment changes in 1974, the Charity became the responsibility of Thetford
Town Council, whose elected member5 became the board of management together with five12022.' 5ixI co-
opted members. Management of the Charity has always been closely linked to the Town Council. The Charity
maintains Klng's House as well as the attached cottage and small office complex.
The gardens are open to the public every day of the year lexcept Christmas Day, Boxing Day and New Year's

G.W. Staniforth Charity
Trustee annual report {continued)
Year ended 31 March 2023
Dayl. There is public acces5 to the Multi Use Game5 Area IMUGAI and part of the bowls Ereen at agreed times.
King's House 15 open for public access during normal office opening hours.
In December 2014 the Charity applied to the Charity Commission for a new fully regulating Scheme. In 2016,
the new scheme was established.
In shaping our objectives for the year and planning our activities, the Trustees have considered the Charity
Commission's guidance on Public Benefit including, The Public Benefit Requirement IPBII, RLJnning a Charity
IP821 and Reporting IPB31.
Achievements and performance
The King's House Gardens continued to be open to the public every day of the year (except Christmas Day,
Boxing Day and New Year's Dayl. Thetford Town Council on behalf of the Charity employed the Services of CGM
Ground Maintenance to refijrbish and provide maintenance of the Gardens.
In December 2020, the G W Staniforth Bowls Club lease ended but suhsequently requested a licence for 12
months starting March 2021. This has been extended by a further 24 months. Bush Adventures UK are tenants
in the wild place and are providing community activities.
The Thetford Netball Club continues to use the MUGA facilities, and a local school is a daily user. In February
2022 Netball England were running courses on the MUGA for all ages.
Architects are investigating the drains and toilets with a desire to upgrade the facilities and then pursue the
internal restoration of the conservatory and waterfall garden.
Thetford Town Council continued to lease the council chamber, second floor and cellar area of King's House.
The old council offices are now home to a solicitor firm. In respect of the ground floor area, these are currently
being offered to potential tenants.
The small office complex adjoining the cottage (KIn￿S House Annex) is leased to a private company. King's
House Cottage has been refurbished and has tenants for domestic income.
Rents generated provide funds to finance future maintenance and pay for the upkeep of the Chariws assets.
The Charity is a participant in a Master Heritage Plan for Thetford. A multi-disciplinary team was assembled and
is currently working to prepare a formal bid to the National Lottery. It 15 hoped that in addition to the promotion
of the Charity, there will be the opportunity to further invest in Kings House and its gardens.

G.W. Staniforth Charity
Trustee annual report {continuedl
Year ended 31 March 2023
Financial review
The results for the year are Set out within these statements of financial activities. The deficit on the unrestricted
funds amounted to £12,67312022'. £24,644) and is mainly due to the lower rental and investment income
received during the year.
The Trustees consider the year end position to be Satisfactory and in line with expectations.
Reserves
The property and endowment funds at 31 March 2023 amounted to £902,836 and £1,161,000 respectively
12022.. £970,574 and £1,161,000). The property fund consists of the property owned by the Charity and is
held at market value. The endowment fund was established for the maintenance, care and upkeep of the
King's House and Gardens.
The unrestricted funds at 31 March 2023 amounted to £69,54512022'. £81,246).
Although the charity has no set reserves policy, the Trustees consider that the unrestricted funds, taking into
account the balance in the endowment fund which is to meet any unforeseen costs for maintenance, care or
upkeep, are sufficient to meet the day to day needs of the Charity.
Investment policy
The Charity derives a significant amount of its income from the Investment portfolio which has a market value
at 31 March 2023 of £902,836 12022.. £955,8401. The portfolio is managed on a discretionary basis by both
Barratt and Cooke Limited and M&G Securities Ltd.
Plans for the future
As reported previously, there is still some work to do on the Conservatory. The Charity is working on producing
projects to be included in a town-wide Heritage Masterplan. The appointment of a dedlcated Clerk to the Board
is also being pursued.
Finding tenants for the remaining office space and finding a longer-term solution for the bowling green are
immediate challenges.
Stru¢ture* governance and management
The Charity was establlshed by the will of George Wild Staniforth dated 12 June 1946 and subsequently proved
at the principal probate registry on 25 June 1949. The Charity was registered with the Charity Commission on
26 August 1995 under its current registration number 1048890.
The Charity is a trust, and the sole corporate trustee is Thetford Town Council. The board o* management
consists of sic Councillors of Thetford Town Council together with three co-opted board members. The co-opted
members are elected by the Thetford Town Council. Board members serve a term of four years and are eligible
for re-election. On appointment all board members are provided with a summary of the trust deed, Charity
Commission Guidelines for Trustees and a copy of the latest accounts.

G.W. Staniforth Charity
Trustee annual report Icontinuedl
Year ended 31 March 2023
The board of management declare that they have approved the Trustees, report above.
Risk rnanagement
Management has reviewed the major risks to which the Charity is exposed. Where appropriate system5 or
procedures have been established to mitigate the risks the Charity faces. As is the case for many charities,
external funding represents a risk to the stability of the Charity.
True and fair override
The financial statements have been prepared to give a "true and fair" view and have departed from the
Charities IAccounts and Reports) Regulation5 2008 only to the extent required to provide a "true and fair
view This departure has involved following the Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable in the UK and Republlc of Ireland issued in October 2019 rather than
the Accounting and Repoiting by Charities.. Statement of Recommended Practice from l April 2005 which
has since been withdrawn.
Independent examiner reappointment
A re501ution to appoint L Thurston FCCA of Lovewell Blake LLP as independent examiner will be proposed
at the next Annual General Meeting.
Si8ned on behalf of the Charity's board of management:
S Wright, Chair
H MacDonald, Clerk to the board of management

G.W. Staniforth Charity
Independent examiner's report to the Trustees of G.W. Staniforth Charity Icontlnuedl
Year ended 31 March 2023
I report to the Charity trustee on my examination of the financial statements of the Charity for the year ended
31 March 2023 which comprise the statement of financial activities, balance sheet and the related notes.
Responsibilities and basis of report
As the Charity's Trustees you are re5pon5ible for the preparation of the accounts in accordance with the
reqLTirements of the Charities Act 20111'the Act'l.
I report in respect of my examination of the Charity's accounts carried out under section 145 of the Act and in
carrying out myexamination I have followed all the applicable Directions given by the Charity Commission under
section 14515llbl of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination giving me cause to believe that in any material respect..
l. accounting records were not kept in respect of the Charity a5 required by section 130 of the Act,.
or
2. the financial statements do not accord with those records,. or
3. the financial Statements do not comply with the applicable requirements concerning the form and
content of accounts set out in the Charities (Accounts and Reportsl Regulations 2008 other than
any requirement that the accounts give a 'true and fair, view which 15 not a matter considered as
part of an independent examination.
I have no concern5 and have come across no other matters in connection with the examination to which
attention should be drawn in this report in order to enable a proper understanding of the account5 to be
reached.
Your attention is drawn to the fact that the Charity has prepared the accounts (financial slatementsl in
accordance with Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to
charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK
and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities-. Statement of
Recommended Practice issued on l April 2005 which is referred to in the extant regulations but has since
been withdrawn.

G.W. Staniforth Charity
Independent examiner's report to the Trustees of G.W. Staniforth Charity (continued)
Year ended 31 March 2023
l understand that thi5 has been done in order for the account5 to provide a true and fair view in accordance
with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after I
January 2015.
L Thurston FCCA
Independent Examiner
Lovewell Blake LLP
Chartered accountants
First Floor Suite
2 Hillside Bu51ness Park
Bury St Edmunds
IP32 7EA
26 January 2024

G.W. Staniforth Charity
Statement of financial activities
Yearended 31 March 2023
Unrestricted
Funds
Property
Funds
Endowment
Funds
Total
2023
Total
2022
Notes
Income and endowment5
from..
Donations and legacies
Charitable activities
300
300
5,725
49,484
35,085
47,454
42,718
90,472
47,454
42,718
90,472
Investment income
Total income
90,294
Expenditure on..
Charitable activities
103,145
103,145
103,145
103,145
114,938
114,938
Total expendlture
Net income/eNpenditure
before galns and losses on
Investments
112,6731
112,6731
124,6441
Net galnslllossesl on
Trans*ers
972
19721
166,7661
Investments
166,7661
72,982
197,000
245,338
Revaluation of fixed assets
Net movement in funds
111,7011
167,7381
179,4391
Reconciliation of funds
Total funds brought forward
81,246
1,161,000
970,574
2,212,820
1,967,482
Total funds carried forward
69,545
1,161,000
902,836
2,133,381
2,185,820
The statement of financial activities include5 all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The notes on pages 12 to 21 form an integral part of these accounts
io

G.W. Staniforth Charity
Balance sheet
31 March 2023
2023
2022
Notes
Fixed assets
Tangible fixed assets
1,161,613
1,161,759
Investments
io
902,836
955,840
2,064,449
2,117,599
Current assets
Debtors
li
21,291
6,448
Bank
243,349
264,640
245,948
252,396
Current liabilities
Creditors.. amounts falling due
within one year
12
1195,7081
1157,1751
Net current assets
68,932
95,221
Net assets
2.133,381
2,212,820
Funds of the Charity
Endowment fund
902,836
1,161,000
69,545
970,574
1,161,000
81,246
Property fund
Unrestricted funds
Total Charity funds
2,133,381
2,212,820
These financial statements were approved by the board of Trustees and authorised for issue on
18 January 2024, and are signed on behalf of the board by..
S Wright
Chair
H MacDonald
Clerk to the Board of Management
The note5 on pages 12 to 21 form an integral part of these accounts
li

G.W. Staniforth Charity
Note5 to the financial statements (continued)
Year ended 31 March 2023
l. General information
The Charity is a registered Charity in England and Wales and is unincorporated. The address of the
Charity is Kings House, King Street, Thetford, Norfolk, IP24 2AP.
2. Statement of compllance
The Charity constitutes a public benefit entity as defined by FRS 102. The financial statements have
been prepared in accordance with Accounting and Reporting by Charities.. Statement of
Recommended Practice applicable to charities preparing their accounts in accordante with the
Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the
Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021, the
Charities Act 2011 and UK Generally Accepted Accounting Practice.
The financial statements have been prepared to give a 'true and fair, view and have departed from
the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true
and fair view,. This departure has involved following the Accounting and Reporting by Charities..
Statement of Recommended Practice applicable to charities preparin8 their accounts in accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October
2019 rather than the Accounting and Reporting by Charities.. Statement of Recommended Practice
effective from l April 2005 which has since been withdrawn.
3. Accountlng pollcie5
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 inveslment properties measured at fair value
through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity, and
rounded to the nearest pound.
Going concern
The financial statements have been prepared on a going concern basis a5 the Trustees believe that
o material uncertainties exist. The Trustees have considered the level of funds held and the
expected level of income and expenditure for 12 months from auihorising these financial statements.
The budgeted income and expenditure is sufficient with the level of reserves for the Charity to be
able to continue as a going concern.
Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in
furtherance of the general objective5 of the Charity and which have not been designated for other
purposes.
12

G.W. Staniforth Charity
Notes to the financial statements {continuedl
Year ended 31 March 2023
Designated funds where applicable are unrestricted funds earmarked by the Trustees to further any
of the charity's purposes.
Restricted funds where applicable are subjected to restrictions on their expenditure declared by the
donor or through the terms of an appeal and fall into one of two sub-classes.. restricted income funds
or endowment funds.
Endowment funds represent those asset5 which were bequeathed to the Charity. Any capital gains
or105ses arising on the assets form part of the fund. Income arising on the endowment funds can be
used in accordance with the objects of the Charity and is included as unrestricted income.
Income
All income is included in the Statement of Financial Activities ISOFAI when the Charity is legally
entitled to the income after any performance conditions have been met, the amount can be
measured reliably and it is probable that the income will be received. The following specific policies
are applied to particular categories of income-.
Donations and legacie5 are included in full in the SOFA when receivable. Grants, where entitlement
is not conditional on the delivery of 3 specific performance by the Charity, are recognised when the
Charity becomes unconditionally entitled to the grant.
Investment income is included when receivable. Investment income from the endowment fund is
unrestricted.
Expenditure
Expenditure is recognised on an accrual basis as a liability is incurred.
Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities
and services for its beneficiaries. It includes both costs that can be allocated directly to such activities
and those costs of an indirect nature necessary to support them.
Governance costs include those costs associated with meeting the constitutional and statutory
requirements of the Charity and include costs of the preparation and examination of statutory
accounts and cost of any legal advice to Trustees on governance or constitutional matters.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at C05t less any accumulated
depreciation and impairtnent losses. Any tangible assets carried at revalued amounts are recorded
at the fair value at the date of revaluation less any subsequent accumulated depreciation and
subsequent accumulated impairment10sses.
13

G.W. Staniforth Charitv
Notes to the financial statements Icontinuedl
Year ended 31 March 2023
An increase in the carrying amount of an a55et as a result of a revaluation, is recognised in other
recognised gains and 105ses, unless It reverses a charge for impairment that has previously been
recognised as expenditure within the statement of financial activities. A decrease in the carrying
amount of an asset as a result of revaluation, is recognised in other recognised gains and losses,
except to which it offsets any previous revaluation gain, in which case the loss is shown within other
recognised gains and losses on the statement of financial activities.
Freehold property is held at fair value and land is not deprecated.
Depreciatlon
Depreciation is calculated $0 as to write ofl the cost or valuation of an asset, less its residual value,
over the useful economic life of that asset as follows..
Equipment
10%- 25Yo reducing balance
Flnancial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the
contractual provisions of the instrument.
Basic financial instruments are initially recognised at the amount receivable or payable including any
related transaction costs, unless the arrangement constitutes a financing transaction, where it is
recognised at the present value of the future payments discounted at a market rdte of interest for
similar debt instrurnent.
Current assets and current liabilities are subsequently measured at the cash or other consideration
expected to be paid or received and not discounted.
Debt inslruments are subsequently measured at amortised cost.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any
accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or
1055.
14

G.W. Staniforth Charitv
Notes to the financial statement5 (continued)
Year ended 31 March 2023
4. Donations and legacies
Un-
Restricted
Funds
Restricted
Funds
Restricted
Fund5
Total
2023
Restricted
Funds
Total
2022
Norfolk
Community
Foundation
5,000
725
5,000
725
Donations
300
300
300
300
5,725
5,725
5. Income from charitable activities
Un-
Restricted
Funds
Un-
Restricted
Funds
Restricted
Funds
Total
2023
Restricted
Funds
Total
2022
In5vrance claim
5,669
43,815
49,484
5,669
43,815
49,484
Rents receivable
47,454
47,454
47,454
47,454
6. Investment Income
Un-
Restricted
Funds
Un-
Restrlcted
Fund5
Restrlcted
Funds
Total
2023
Restricted
Funds
Total
2022
Listed
investments
42,233
485
42,233
485
35,064
21
35,064
21
Bank interest
42.718
42,718
35,085
35,085
15

G.W. Staniforth Charitv
Notes to the financial statements {contlnuedl
Year ended 31 March 2023
7. Expenditure on charitable
activities
Un-
Restricted
Funds
Restricted
Funds
Restricted
Funds
Total
2023
Restricted
Funds
Total
2022
Maintenance and
service costs
78,732
2,694
1,518
146
78,732
2,694
1,518
146
93,723
4,818
267
93,723
4,818
267
Insurance
Miscellaneous
Depreciation
210
210
Governance costs..
Legal and
professional fees
Independent
examiner's fee
17,781
17,781
14,138
14,138
2,274
103.145
2,274
103.145
1,782
114.938
1,782
114,938
8. Trustee remuneration and expenses
No salaries or wages have been paid to employees, including the Trustees, durirbg the year12022.. £Nill.
The Trustee5 received no remuneration or reimbursed expenditure during the year12022.. £Nill.
16

G.W. Staniforth Charity
Note5 to the financial statements l¢ontinuedl
Year ended 31 March 2023
Land and
Freehold
Propertv
9. Tangible fixed assets
Equlpment
Total
Cost or Valuation
At l April 2022
Additions
1,161,000
3,304
1,164,304
Revaluation for the year
At 31 March 2023
1,161,000
3,304
1,164,304
Depreciation
At l Aprll 2022
Charge for the year
At 31 March 2023
2,545
146
2,545
146
2,691
2,691
Net book value
At 31 March 2023
1,161,000
613
1,161,613
Net book value
At 31 March 2022
1.161.000
759
1,161,759
The land and Freehold property was bequeathed to the Charity and was initially valued on 9 May 2013
by the District Valuer. The valuation of the Freehold property was updated in November 2022 and is
reviewed annually and updated by the Trustees at each reporting date.
17

G.W. Staniforth Charity
Notes to the financial statements l¢ontinuedl
Year ended 31 March 2023
10. Investments
Listed
Investments
at fair value
Staniforth
Collection
Total
At l April 2022
Additions at cost
136,390
819,450
67,804
154,0421
166,7661
766,446
955,840
67,804
154,0421
166,7661
902,836
Disposals at carrying value
Net gain/llossl on revaluation
At 31 March 2023
136.390
Deposit account
Total
136,390
766,446
902,836
Individual investments held at 31 March 2023 which are over 5% of the total portfolio by value are..
Fair value
Fair value
2023
2022
27,500 M & G Securities Ltd Charifund Unit Trust
407,872
434,420
The board members have confirmed that there has been no material change in the value of the Staniforth
Collection during the year. The fair value of listed investments is determined by reference to the quoted price
for identical assets in an active market at the balance sheet date.
2023
2022
11. Debtors
Trade debtors
10,000
11,291
21,291
Prepayments and accrued income
6,448
6,448
12. Creditors.. Amounts falling due within one year
Trade creditors
7,200
182,085
4,375
2,048
195,708
Thetford Town Council
152,268
3,125
1,782
157,175
Othef creditors
Accruals
18

G.W. Staniforth Charlty
Notes to the financial statements {contlnuedl
Year ended 31 March 2023
13. Endowment Funds
Expenditure &
gainslllosses)
on Investments
Balance at i
April 2022
Balance at 31
March 2023
Income
Transfer5
Endowment fund
970,574
1,161,000
166,7661
19721
902,836
1,161,000
2.063,836
Property fund
2,131,574
166,766)
19721
Expenditure &
gainslllosses)
on Investments
Balance at I
April 2021
Balance at 31
March 2022
Income
Transfers
Endowment fund
974,616
964,000
1,938,616
72,982
197,000
269,982
177,0241
970,574
1,161,000
2.131,574
Property fund
177,0241
The property fund consists of the King's House, King's House Gardens and other properties bequeathed to
the Charity. The properties are revalued periodically, and the amount of the revalualion is adjusted to the
fund.
The endowment fund consists of the remainder of the legacy from G.W. Staniforth which has been invested
in M & G Securities Limited Charifund Unit Trust and a mixture of government stocks, Sterllng bond5 and
blue-chip securities. The investment5 are revalued to fair value annually and the amount of the revaluation
is adjusted to the fund. The Staniforth Collection of books has been added to the endowment fL¢nd and its
value is reviewed annually.
19

G.W. Staniforth Charity
Notes to the financial statements Icontinuedl
Year ended 31 March 2023
14. Unrestricted funds
Balance at
l April
2022
Balance at
31 March
2023
Income
Expendlture
Transfer
Designated maintenance
funds
Designated Friends of
Staniforth
4,517
76,729
81,246
677
3,840
General fund
90,472
102,468
103,145
972
65,705
90,472
972
69.545
Balance at
l Aprll
2021
Balance at
31 March
2022
In¢ome
Expendltuye
Transfer
Designated maintenance
fund5
Designated Friends of
Staniforth
34,092
134,0921
625
3,892
107,224
77,024
4,517
76,729
General fund
15,2261
28,866
89,669
114,938
114,938
90,294
81,246
Designated maintenance funds- represents the value of maintenance work, authorised by the trustees but not yet
carried out. It is reviewed annually with amount5 transferred to or from the general fund as necessary. The
Trustees have determined that the balance carried forward in the prior year end should be reduced to £Nil, a
position malntained in the year ended 31 March 2023.
Designated Friends of Staniforth represents the value of amounts earmarked for future projects and includes a
transfer from the designate maintenance fund in the prior year. The Fund is reviewed annually with amounts
transferred to or from the general fund as necessary.
20

G.W. Staniforth Charity
Notes to the financial statements Icontinuedl
Year ended 31 March 2023
15. Analysis of net assets between funds
Tangible
flxed assets
Net current
assets
Investments
Total 2023
Endowment fund
Property fund
902,836
902,836
1,161,000
2,063,836
69,545
2,133,381
1,161,000
1,161,000
613
902,836
Unrestricted funds
68,932
68,932
1,161,613
902,836
Tangible
fixed asset5
Net Current
assets
Investments
Total 2022
Endowment fund
955,840
14,734
970,574
1,161,000
2,131,574
81,246
2,212,820
Property fund
1,161,000
1,161,000
759
955,840
Unrestricted funds
80,487
95.221
1,161,759
955.840
16. Financial instruments
2023
2022
Finan¢ial assets
Measured at fair value through net incomellexpenditurel:
Listed investments
766,446
819,450
21

G.W. Stanlforth Charity
Notes to the financlal statements {continued)
Year ended 31 March 2023
17. Transactions with related parties
The board of management ofthe Charity are the Mayor and membersof Thetford Town Council together with six co-
opted board member5.
The Charity's finances are administered by the Town Council. The Charity now only maintains one bank accounts
and investment income is paid directly into these accounts.
The G.W. Staniforth Charity, were unable to make payments during the year due to Trustee changes and bank
administration. Therefore, Thetford Town Council made payments on behalf of the Charity, which is repaid on
request. As at 31 March 2023 the amount owed to Thetford Town Council wa5 £102,08612022= £152,268).
There were no other transactions with related parties took during this or the prior year.
22