G.W. STANIFORTH CHARITY
The Charity maintains the King's House and Gardens in Thetford as requested in the will of George Wild Staniforth to house the collection (or part of it) bequeathed by him. Some of the collection is looked after by Norfolk Museum Service. Thetford Town Council is the sole corporate trustee.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a deficit on funds of £62,907 for the year ended 31 March 2025, driven by increased maintenance costs and lower rental and investment income. Unrestricted reserves stood at £10,693, which the trustees consider sufficient for medium-term needs when viewed alongside the endowment fund. The charity acknowledges that high upkeep costs for King's House pose a risk to the permanent endowment if additional income sources are not secured.
What the accounts disclose
“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.” — page 20
Structured financials (annual return, FY ending 31/03/2024)
Trustees
- Thetford Town Council
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £92k | £178k |
| 31/03/2024 | £713k | £131k |
| 31/03/2023 | £90k | £183k |
| 31/03/2022 | £90k | £115k |
| 31/03/2021 | £69k | £79k |
Common questions
Is G.W. STANIFORTH CHARITY financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a deficit on funds of £62,907 for the year ended 31 March 2025, driven by increased maintenance costs and lower rental and investment income. Unrestricted reserves stood at £10,693, which the trustees consider sufficient for medium-term needs when viewed alongside the endowment fund. The charity acknowledges that high upkeep costs for King's House pose a risk to the permanent endowment if additional income sources are not secured. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 24/06/2015 | £10k | A4A - Staniforth Trust Kings House Gardens Recreation Area |