G.W. Staniforth Charity For the year ended 31 March 2025 Charity Number 1048890
G.W. Staniforth Charity Financial statements Year ended 31 March 2025 CONTENTS Page No. Trustees, Annual Report Independent Examiner's Report statement of Financial Activities Balance Sheet Notes to the Financial Statements 9-18
G.W. Staniforth Charity Report of the Trustees Year ended 31 March 2025 The board of management a1 trustee present their report and the unaudited financial statements of the Charity forthe year ended 31 March 2025. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the Charity's governing document, the Charities Act 2011 and 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 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 King's House King Street Thetford Norfolk IP24 2AP Trustee The sole corporate trustee is Thetford Town Council. Day-to-day responsibility for the charity is delegated by the corporate twstee to a board of management. Board of management The board of management appointed by the corporate trustee consists of six nominated Thetford Town Councillors togetherwith three Co-opted board members. who atthe date of signing this report are as follows.. Nominated Councillors of Thetford Town Council- A Blackbourn D Blackbourn C Harvey (appointed 30 July 2024) T Jermy (resigned 30 July 2024) T Land M Stirrup S Wright (Chair) Co-opted members: P Pearson J Willett M Robinson (Vice-chair) The Clerk to the board of management is H MacDonald.
G.W. Staniforth Charity Report of the Trustees (continued) Year ended 31 March 2025 Reference and administration details Banker Unity Trust Bank Four Brindleyplace Birmingham B12JB Investment Adviser Barratt and Cooke 5 Opie Street Norwich NR13DW Independent Examiner A Robinson FCA Lovewell Blake LLP Chartered Accountants First Floor Suite 2 Hillside Business Park Bury St Edmunds IP32 7EA Objectives and activities The Charity was established by the will of George Wild Staniforth dated 12 June 1946 and subsequently proved at the principal probate registry on 25 June 1949 following his death in 1947. The Charity presides over the collection of books and miscellaneous objects bequeathed by GW Staniforth and maintains King's House, the attached cottage and small office complex and King's House Gardens for the benefit of the town's people of Thetford. The House, Gardens and the Collection were bequeathed to the Mayor, Alderman and Burgesses of the Borough of Thefford in 1946. Subsequently, additional land and walls to the rear of the gardens were transferred to the Charity, enabling the gardens to be extended. With the introduction of local government changes in 1974, the Charity became the responsibility of Thetford Town Council. The Charity was registered with the Charity Commission on 26 August 1995 under ils current registration number 1048890. In December 2014, the Charity made application to the Charity Commission for a newfully regulating Scheme. In 2016, the new scheme was established. Administrative amendments to the scheme were agreed by the trustee on 30 July 2023 and subsequently accepted by the Commission and updated on the register of charities. In December 2023. Thetford Town Council, the sole corporate trustee, delegated oversight of the day-to-day running of the Charity to a management board of six town councillors and three co-opted independent members. The Gardens are open to the public every day of the year (except Christmas Day, Boxing Day and New Year's Day). There is public access to the Multi Use Games Area (MUGA) at agreed times. King's House, which comprises of seven offices for leasing to local businesses, is open for public access during office hours.
G.W. Stanlforth Charity Report of the Trustees (continued) Year ended 31 March 2025 In shaping our objectives for the year and planning our activities, the trustees have considered the Charity Commission's guidan on Public Benefit including The Public Benefit Requirement (PBI), Running a Charity {PB2) and Reporting (PB3). The board of management and the trustee confirm that they have complied with the duty in seGtion 4 of the Charities Act 2011. Achievements and perfomiance Except for closures for essential maintenance. the King's House Gardens have been open to the public throughout the year. Thettord Town Council on behalf of the Charity has continued to hire the services of an external contractor to maintain the Gardens. The Thetford Netball Club has good use of the facilities in the Gardens for the people of Thetford during the year. Licence agreements with the Netball Club and Bush Adventures UK, a Community Interest Company making use of The Wild Space, were both renewed. Sadly, the GW Staniforth Bowls Club, first established in 1951. closed on 31st December and an alternative use for the Pavilion and the Bowling Green is now being soughl. Considerable Maintenan work was undertaken to "ng'S House during the year, including alterations to facilitate the upgrading of fire safety throughout the building. Rental income generated by King's House, the Cottage and the Annex provide much-needed funds for the upkeep of the Charity's assets and considerable work was undertaken during the year to market and promote unoccupied offices within King's House. Six of the seven offices are now tenanted. The remaining vacanl office. recently renovaled. is currently being marketed. King's House Cottage and the small office complex adjoining the cottage (the Annex). were leased throughout the year. Financial review The results for the year are set out within these statements of financial activities. The deficit on funds amounted to £62.907 (2024: £67,708) and is due to increased maintenance costs and the lower rental and investment income received during the year. After the impairment of land and free property, the deficit on funds amounted to £573,907 (2024: £67,708). The board of management and the trustee consider the year-end position to be in line with expectations. Reserves The propety and endowment funds at 31 March 2025 amounted to £650,000 and £831,073 respectively {2024'. £1,161,000 and £893.179). 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 2025 amounted to £10.693 (2024.. £11,494). Although the Charity has no formal reserves policy, the board and the trustee 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 in the medium term.
G.W. Staniforth Charity Report of the Trustees (continued) Year ended 31 March 2025 True and fair override The financial statements have been prepared to give a "true and faif, 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.. Slalement of Recommended Pracb'ce applicable in the UK and Republic of Ireland issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice from 1 April 2005 which has since been withdrawn. Investment policy The Charity derives a significant amount of its income from investments portfolio which has a market value at 31 March 2025 of £727.198 (2024: £756.789). The Charity has investment portfolios., a charity fund portfolio of mainly UK-listed equities designed to provide good long-term income and total return with M&G Investments and a portfolio with focus on equity investments managed by Barratt & Cooke within their Fund Portfolio SeNice for those investing with 'smaller sums. The Charity has an Investment Policy, which is reviewed regularly and sets out the Charity's approach to investment. Rlsk management The board of management has reviewed the major rtsks to which the Charity is exposed and where appropriate. systems or procedures have been established to mitigate the risks the Charity faces. As is the case for many charities. funding represenls a major risk to the stability of the Charity. In addressing this risk, the board of management has commissioned a repairs and maintenance surveyors report to determine the likely expenditure required for work to King's House. The board have also mel to develop ideas for future income streams and have agreed to appoint an adviser to explore these further and to help in determining the future sustainability of the Charity. Plans for the future Planning for a sustainable future will be the focus of the board during the year ahead. With confirmation that the Thetford Heritage Masterplan does nol include King's House, the Charity will need to rely on grant funding for the maintenance and any further development of King's House and the initial scoping for the restoration, storage and display of the GW Staniforth collection of books and miscellaneous objects. To this end a fundraising plan will be developed. The board of management and the trustee have become increasingly concerned with the high costs associated with the upkeep of King's House and Gardens. To fund the necessary immediate work for King's House, application was made to the Charity Commission to draw down £250,000 from the permanent endowment. Whilst the application was successful, the board and the trustee remain acutely aware that the maintenance of such a historic building could if additional sources of income cannot be found, deplete the remaining permanenl endowment. Therefore, further to the repairs and maintenance survey CLJrrently being undertaken, an adviser will be appointed to explore sustainable income generation ideas. Work is also to be undertaken on the restoration of the King's House Gardens, which will include a fundraising plan, a planting scheme and the recruitment and coordination of local volunteeis
G.W. Stanlforth Charity Report of the Trustees {continued) Year ended 31 March 2025 The board of management and the trustee declare that they have approved the report above in accordance with the Charity's governing document. Structure, governance and management The Charity is a trust, and the sole corporate trustee is Thetford Town Council. A board of management consisting of six counci1Sors of Thetford Town Council together with three co-opted members, has oversight of the day-to-day running ofthe Charity. The co-opted members are elected by the Thetford Town Council. Not all decisions can be made by the management board and those matters reseNed for the trustee are documented in the Charity's standing orders. On appointment, all board members are provided with a welcome pack that includes the Charity's governing documenl and standing orders, togelher with the Charity Commission's Guidelines for Trustees and a copy of the latest accounts. The Charity maintains a register of interests for all Board members. In October 2023, the Charity appointed a dedicated clerk to support the board of management. A lease sub-group was formed in March 2024 to oversee the development of lease and license agreements prior to these documents being presented to the board and the trustee for approval. A governance review undertaken by the Charity in 2004 produced a new governing document and standing orders setting out various administrative procedures and new policies and procedures. Independent examiner reappointment A resolution to appoint A Robinson FCA of Lovewell Blake LLP as independent examiner will be proposed in accordance with the annual agenda at the third scheduled quarterly meeting of the management board. Signed on behalf of the Charity's board of management.. S Wright, Chair M Robinson, Vice Chair
G.W. Staniforth Charity Independent examiner's report to the Trustees of G.W. Staniforth Charity Year ended 31 March 2025 I report to the Charity trustee on my examination of the financial statements of the Charity for the year ended 31 March 2025 which comprise the statement of financial activities, balance sheet and the related notes. ResponsibS1ities and basis of report As the Charity's corporate trustee, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act.). I report in respect of my examination of the Chartty's accounts carried out under section 145 of the Act and in carrying out my examination I havefollowed all the applicable Directions given by the Charity Commission under section 145(5){b) of the Act. Independent examiner's statement I have completed my examination. I confimi that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the Charity as required by section 130 of the the financial statements do not accord with those records,. or the financial statements do not comply with the applicable requirements concerning the form and contenl of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the aGcounts give a 'lrue and fairf view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection wilh the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Your attention is drawn to the fact that the Charity has prepared the accounts (financial statements) 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 (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has since been withdravrfn. l understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015. A Robinson FCA Independent Examiner Lovewell Blake LLP Chartered accountants First Floor Suite 2 Hillside Business Park Bury St Edmunds IP32 7EA 1&11211)2r
G.W. Staniforth Charity statement of financial activities Year ended 31 March 2025 Unrestricted Funds Property Funds Endowment Funds Total 2025 Total 2024 Notes Income and endowmenls from: Charitable activities 53,495 53,495 34,389 Investment income 38,932 38,932 37,545 Total income 92,427 Expenditure on: Charitable activities 178,228 178,228 131,128 Total expenditure 178 228 178,228 131,128 Gainsl(Losses) on investments Net Incomel (Expenditure) 22,894 22,894 22,894 (62,907) 8,514 (67,7081 (85,801) Transfers Revaluation of fixed assets 85.000 (85,000) 511.000 511000 Net movement in funds {801) (511.000) (62,106) {573,907) (67,708) Reconciliation of funds Total funds brought forward 11,494 1.161,000 893,179 2,065,673 2,133 381 Total funds carried fOard 650,000 831,073 1,491,766 2,065,673 The notes on pages 12 to 18 form an integral part of these accounts
G.W. Staniforth Charity Balance sheet Year ended 31 March 2025 2025 2024 Notes Flxed assets Tangible fixed as5els 650,409 1,161,499 Inveslments 863,588 893,179 1,513,997 2,054,678 Current assets Debtors 10 11,780 12,682 Bank 65,888 38.713 77,668 51,395 Current liabilities Creditors.. amounts falling due within one year 11 (99,899) (40,4001 Nel current (liabililies)lassets 22,231 Net assets 1,491,766 2,065,673 Funds of the Charity Endowment fund 12 831,073 893,179 Property fund 12 650,000 1.161,000 Unrestricted funds 13 10,693 11,494 Total Charity fijnds 1.491,766 2 065 673 These financial statements were approved by the board of Trustees and authorised for issue on 17 December 2025 an are signed on behalf of the board by: S Wright Chair M Robinson VI Chair The notes on pages 12 to 18 form an integral part of these accounts
G.W. Staniforth Charity Notes to the financial statements Year ended 31 March 2025 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. Statement of compliance 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 accordance 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 (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice. The financial statements have been prepared to give a 'trLJe and fairf view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a'true and fairview.. This departure has involved following the Accounting and Reporting by Charities-. Statement of Recommended Practice applicable to charitie5 preparing their accounts in accordancewith 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. Accounting pollcles 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 measured at fair value thiough 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 as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising 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 accountlng General funds are unrestricted funds which are available for use atthe discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes.
G.W. Staniforth Charity Notes to the financial statements (continued) Year ended 31 March 2025 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 orthrough the terms of an appeal and fall into one oftwo sub-classes.. restricted income funds or endowment funds. Endowment funds represent those assets which were bequeathed to the Charity. Any capital gains or losses 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 Charty and is included as unrestricted income. Income All income is included in the Statement of Financial Activities (SOFA) when the Charity is legally entitled to the inGome 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 legacies are included in full in the SOFA when receivable. Grants, where entitlement is not conditional on the delivery of a specific performance by the Charity, are recognised when the Charity becomes unconditionally entitled to the grant. Income from contracts for the supply of services is recognised wtth the delivery ofthe contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. 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 sctivities 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 constilutional matters. Tangible assets Tangible assets are initially recorded at cost and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are reGorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. io
G.W. Staniforth Charity Notes to the financlal statements (continued) Year ended 31 March 2025 An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless Ft reverses a charge for impairmentthat has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying drnount 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. Depreciation Depreciation is calculated so as to write off the cost orvaluation of an asset, less its residual value, over the useful economic life of that asset as follows: Equipment - 25'A reducing balan Financial instruments A financial asset or a financial liabiltty is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instnjments are initially recognised at the amount receivable Of 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 rate of interest for a similar debt instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments 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 the statement of Financial Activities. li
G.W. Staniforth Charity Notes to the financial statements (continued) Year ended 31 March 2025 4. Income from charitable activffities Unrestricted Funds Restricted Funds Total 2025 Unrestrlcted Funds Restricted Funds Total 2024 Ren15 receivable 53,495 53.495 34,389 34,389 Total income 53,495 34,389 5. Investment income Unrestricted Funds Restricted Funds Total 2025 Unrestricted Funds Restricted Funds Total 2024 Listed investmenls 38,932 37,545 38,932 12
G.W. Staniforth Charity Notes to the financlal statements (continued) Year ended 31 March 2025 6. Expenditure on charitable activities Unrestricted Funds Restricted Funds Unrestricted Restricted Funds Funds Total 2024 Tolal 2025 Maintenance and SeiCe costs Insurance Miscellaneous Depreciation 164,125 164.125 5.664 86 101.073 5,375 683 114 101,073 5,375 683 114 90 90 Governance costs: Legal and professional fees Independent examinerfs fee 5,503 2,760 178 228 5.503 2,760 178 228 21,285 21,285 2,598 131128 131 128 7. Trustee remuneration and expenses No salaries or wages have been paid to employees, including the Trustee. during the year (2024- £Nil). The Trustee received no remuneration or reimbursed expenditure during Ihe year {2024-. £Nil). 13
G.W. Staniforth Charity Notes to the financial statements {continued) Year ended 31 March 2025 Land and Freehold Property 8. Tangible fixed assets Equipment Total Cost orvaluation At 1 April 2024 Additions Revaluation for the year 1.161.000 3,304 1,164,304 511,000 At 31 March 2025 650,000 1 164,304 Depreciation Al l April 2024 Adjustments Charge forthe year 2,805 2,805 90 90 At 31 March 2025 2,895 Net book value At 31 March 2025 650,000 409 650,409 Net book value At 31 March 2024 1,161,000 499 1 161,499 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 September 2025 and is reviewed annually and updated by the Trustees at each reporting date. 9. Investments Listed Investments at fair value Staniforth Collection Total Al 1 April 2024 Additions at cost Disposals at carrying value Net gainllloss) on revaluation At 31 March 2025 Deposit account 136.390 756,789 27,935 80,420 22,894 727,198 893,179 27,935 80.420 22,894 863,588 136.390 136.390 727,198 863,588 14
G.W. Staniforth Charity Notes to the financial statements (continued) Year ended 31 March 2025 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. 10. Debtors 2025 2024 Trade debtors 7,500 10.000 Prepayments and accrued income 4,280 11,780 12,682 11. Creditors: Amounts falling due within one year 2025 2024 Trade creditors 9,699 9,017 Thetford Town Council 84,797 20,809 other creditors 5,375 Accruals 5,403 5,199 99,899 40,400 12. Endowment Funds Expendlture and gainsl(losses) on investments Transfers and revaluatlons 8alance at April 2024 Balance at 31 March 2025 Income Endowment fund 893,179 22,894 (85,000) 831,073 Property fund 1.161,000 511,000 650 000 2,054,179 596,000 1481,073 15
G.W. Staniforth Charity Notes to the financial statements (continued) Year ended 31 March 2025 Expenditure and gainsl(lossesl on investments Transfers and revaluations Balance at 1 April 2023 Balance at 31 March 2024 Income Endowment fund 902.836 (8.514) (1,143) 893,179 Property fund 1,161.000 1161000 2,063,836 8,514 2 054,179 13. Unrestricted funds Balance at31 March 2025 Balance at 1 April 2024 Income Expenditure Transfers Designated maintenance funds Designaled Frierbds of Staniforth 3,840 3,840 General fund 92,427 178.228 85,000 6,853 11,494 92,427 178,228 10,693 Balance at31 March 2024 Balance at 1 April 2023 Income Expenditure Transfers Designated maintenance funds Designated Friends of Staniforth 3,840 3,840 Genera5 fund 65,705 71.934 131,128 69,545 71.934 131.128 11,494 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 revaluation is adjusted to the fund. The endowment fund consists of the remainder of the legacy from G.W. Staniforth which has been invested in & G Securities Limited Charifund Unit Trust and a mixture of govemment stocks. Sterling bonds and blue-chip securities. The investments are revalued to fair value annually and the amount of the revaluation is adjusted to the fund. The Stanrforth Collection of books has been added to the endowment fund and its value is reviewed annually. The endowment can be realised to meet maintenance, care and upkeep of the King's House and Gardens. During the year it was agreed that £85,000 be transferred from the endowment fund to the general fund to support the ongoing charitable activtties of the charities. 16
G,W. Staniforth Charity Notes to the financial statements (continued) Year ended 34 March 2025 14. Analysis of net assets between funds Tangible fixed assets Net current assets Investments Total 2025 Endowment fund Property fund 831.073 831,073 650 000 650.000 650,000 831.073 1,481,073 Unreslricled funds 409 32.515 (22,231) 10,693 650,409 863 588 1 491,766 Tanglble fixed assets Net current assets Investments Total 2024 Endowment fund 893.179 893,179 Property fund 1 161.000 1 161000 1.161,000 893.179 2.054,179 Unreslricled funds 499 10,995 11,494 1,161,499 893 179 2 065 673 17
G.W. Stanlforth Charlty Notes to the financial statements (continued) Year ended 31 March 2025 15. Financial instruments 2025 2024 Financial assets Measured at fair value through net incomel{expendiiure)'. Listed investments 727,196 756,789 16. Transactions with related parties The board of management of the Charity are the members of Thetford town Council together with three Co-opted board members. The Charity's finances are administered by the Town Council. The Charity now only maintains one bank account and investment income is paid directly into these acLounts. 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 2025 the amount owed to Thetford Town Council was £77,297 (2024.. £10,809). There were no other transactions with related parties during this or the prior year, 18