## ’ - The Hospital of Thomas Truesdale Chairman s Annual Report 2020 ## **Introduction** **1. This report describes the activities and achievements of the Board of Trustees of the Almshouse Charity established by the will of Thomas Truesdale in the year 1700 (Charity No 220344) for the year ending 31[st] December 2020. Throughout 2020, the Covid-19 pandemic had an enormous effect worldwide, and the activities of this charity were affected throughout the year. This will, no doubt, continue into 2021.** ## **Trustees.** **2. The year started in the saddest possible way with the death of one our trustees, Mr Philip Heath, on 2[nd] February following heart surgery. The onset of Covid-19 restrictions severely hampered our ability to appoint a suitable replacement for him, but we finally succeeded in doing so just in time for the last (Zoom) Board meeting of the year in December when we were pleased to be able to appoint Mr Bruce Dilks as a new trustee.** ## **Residents.** **3. There has been no change to the resident population this year. We remain one short of our full complement and this has been necessarily maintained throughout the year to facilitate the major refurbishment and conversion of the last remaining bed-sit into a modern self-contained apartment with bedroom, bathroom and open-plan kitchen/living area. The vacancy also facilitated the temporary relocation of the resident in Flat 5 which was essential whilst the southern boundary wall was being rebuilt (see para 7 below).** ## **Activities.** **4. The Board of Trustees met twice during the year; a face to face meeting on 17[th] February and a “Zoom” meeting on 7[th] December. The meetings due to take place on 18[th] May and 17[th] August were both cancelled due to the Covid-19 Pandemic restrictions, and the Clerk kindly produced an Update Report which was circulated to all trustees in lieu of these meetings. The annual visit to the property and lands belonging to the Charity at Morton also had to be cancelled this year because of Covid restrictions.** **5. The Clerk and the Chairman continued to meet (socially distanced) fortnightly throughout the year to conduct the essential business of running of the Charity.** **6. The Charity was pleased to appoint a new architect, Mr Peter Slinger, to plan and oversee the refurbishment of Flat 9. We also appointed Mr John Ellington, a Structural Engineer, to represent our interests during the rebuilding of the southern boundary wall.** 1 **Achievements.** **7. I am delighted to report that the boundary wall that forms the South side of the site, which collapsed catastrophically in January 2013 and which had subsequently been the centre of a major legal dispute between the Charity and our neighbours Hanover Housing Association (now Anchor-Hanover), was rebuilt during the year. Work finally started in August and is now almost completed.** **8. Major repairs to the Colleyweston slate roof over Flat 8 also took place in the summer, including replacement of much of the lead coping.** **9. One task remaining from 2019, the re-painting of the front railings, was completed in the spring.** **10. Tenders were issued by our newly appointed architect for the refurbishment of Flat 9.** **11. During the year the Clerk, together with one of our trustees Mr Andrew Leech, worked to produce an excellent and comprehensive Property Portfolio of the Charity’s assets. This was completed in November and a hard copy was given to every trustee.** ## **Assets** **12. A list of the Charity’s property assets, with values as re-assessed for insurance purposes is below:** - **a. Grade-2 Listed Almshouse buildings in Scotgate, divided into 8 selfcontained flats - insurance value: £2,325,599.** - **b. Detached 2-bedroomed house at No.1 West Street – insurance value: £302,289, currently let at £5,659 p.a.** - **c. Manor Farm House, High Street, Morton; a detached house with garage, large garden and crewyard together with 45.36 acres of arable land off Folkingham Road (A15):** ## **Farmhouse, Garage and Garden (currently let at £1200 per month) together with Crewyard and buildings: £1,258,367** - **Arable land (45.36 acres): Currently let at £6,420 pa (from 11 Oct 17)** - **d. 34.552 acres of arable land on Morton Fen let at £2,750p.a.** - **e. 4.24 acres of neglected grassland, currently let to a horse-owner for £500/annum. A small part at the southern end has potential for residential development.** - **f. 4.76 acres of arable land off East Lane, Morton, let at £350 p.a.** - **Investments** **13. At 31 Dec 2020 the total value of investments amounted to £405,482, a decrease of 15.9% since December 2019, which reflects the adverse effect of the** 2 **global Covid pandemic on the stock market. A summary of the Charity’s investments as at 31 Dec 2020 has been prepared by Andrew Moore, the trustee responsible for investment advice to the Board, and is a separate annex to this report.** ## **Annual Accounts** **14. The annual accounts, prepared and submitted separately by the Clerk for consideration, have been agreed by the Board. They form a separate annex to this report.** ## **Mr J L Harvey** ## **Chairman** **21[th] April 2021** 3 ACCOUNTS FOR THE YEAR ENDED 3tst DECEMBER 2020 THE HOSPITAL OF THOMAS TRUESDALE RECEIPTS AND PAYMErifs ACCOUP FOR THE YEAR ENDING 31st DECfMBER 2020 2020 2019 RECEIPTS Renta15 and Contributions Residents contributions I West Street £16.696.( £17.270.C(J £5,659.16 £5,659.16 £13.2fKI.rxi £14,400. £IO.l(Xl.65 £10,087.51 Manor House Farm rertals Agricultural land Morton- Renials and Wayleave - Rentals and Wa￿e4Ve Dlvldend5 ChartFund COIF Deposit Account txvidend and ERF Interest Bequest J l)onationlWaitrose) Sundries Legal fees TOTAL RECEIPTS £16.619. £7&93 £20,587.78 £212.Qg £270.(X) £7.50 £77.68 £61431A8 £6&494.04 Pa8e I 2019 PAYMENTS Repairs and Renewals Truesdale HosPStal Manor Farm -morton West Street £46.239.14 £3,707.51 £O.OD £335.18 £450.07 Crew Yard Ll8htln8 & Heatln8 Gas É4.591.79 £992.90 £1301.07 £4,738.26 £742.85 Electricity Water £1,791.58 Rates & Insurdnce Insurance £3.875.79 £3,785.44 £o.c Council tax Adminlstration ae Gardener/piants Adminloffice expenses Almshouse Assooation x 2 years ArchTtett £3,6(X).D) £1.65Q50 £193.42 £3,600. £1,619.99 £1,345.42 £o.¢J) (K6.67 £0. Accountsnt Land agent Legal fees Surveyors Structural engineer Other Expenses Planning applic*ion CoL¢rt fees Green bin subscrtption Bonus to residents TV Licence Sundries £438.(K) £o.oJ £432. £23,762.44 £o.(J) £18,016.44 £￿(M) £310. £0.￿) £36.CKJ £250. £o.c £32.ClJ £420.CKJ £37.50 £630.(X) £37.50 f21M).tK) Recoupment Funds Legionella Testing TOTAL PAYMEKrs £0. £1.250.00 £o.(x) £o.Ix) £91A￿40 £42.169.06 EXCESS OF PAYMENTS OVER RECEIPTS £29.01192 EXCESS OF RECEIPTS OVER PAYMENTS £26,324.98 Page 2 THE HosP￿AL OF THOMAS TRUESIMLE RECONCIUATION WTfH CASH AND BANK tsAlAN￿- GETIERAL RIND 2020 20 Bank Balances as at 1st January 2020 Barclays current account COIF deposit acrount £56,956.91 £30,632.84 £30,[￿1.22 £30,060.31 £87.018.13 £60.693.15 £26,324.98 Add: Surplus for year Less: Defictt for year £29,012.92 £58,005.21 £87,018.13 Balancts as at 3tst December 2020 8Jr¢lays current account COIF deposit a¢count IN¢)te) £27,943.57 £30.061.64 £58,Crf15.21 £56356.91 £30,061.22 £87.018.13 Note The final statsment for the COIF d*ed 3tst December 2020 is for the sum of £30.(￿1.64 but that tske5 into account interest to thè sum of £0.35 whith was not credtted into the Charity'5 bank a￿OUnt until 7th January 2021 Page 3 THE HoSP￿AL OF THOMASTRUESDALE STATEMEp¥f5 OF ASSEfs AND LIABIUTIES ASAT 31st DECEMBER 2020 PROPERfi FOR PURPOSES OF cHAR￿y Almshouses in ScotgateStamford linsured value £ 2.325.559) OTHER PROPERTY Manor House Fami (including frdmihouse. crewyard. garage. cart hovel, garden and paddockl. (insured value £ 5258,3671 Land at Morton184.672 acres of arable lan(J and 4.24 aues of grass landl I West Street. Stsmford (insured value E 3022891 INVESTMEKts AT 31sr DECEMBER 2020 Units Value Units 20 Value 2019 2020 Endowment Fund M&G CharthJnd- Income units ment Fund M&G Charifund- Accumulation units ment Fund M&G Charifund - Irtcome Untls Reserve FUTKI M&G Charrfund- Accumulation units 22m.276 £3￿,0T3 22.809.276 378,791 Recou 83.116 £20.250 83.116 23,247 Recou 1.995.284 £27387 L935.284 33,135 Eme £44.772 183.T72 51,400 Total Of All Investm 486,573 GENERAL FUND CASH AND BANK The accounts for the year ended 31st December 2020 and the above statrment have been approved and adopted by the Trustees Chairman of Trustees Date O?APA221 Clerk to the Trustees Date ' Page 4 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examinerfs Report Report to the trusteesl members of The Hospital Of Thomas Truesdale On accounts for the year ended 31" De￿mber 2020 Charity no {if any) Set out on pages 1to4 I report to the trustees on my examination of the accounts of the above chartty (Ihe Trust-) for the year ended 31" De￿rnber 2019. Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in aGG0rdan￿ wtth the requirements of the Charities Act 2011 (llhe Acr). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) ol the Act. I have Gompleted my examination. I confirm that no material matters have come to my attention (other than that disclosed below ') in connection wlth the examination which gNes me cause to believe that in, any material respEGt.' accounting records were not kept in accordance with section 130 of the Art or the accounts do not accord wtth the accounting records Independent examiner's statement I have no con￿M8 and have come across no other matters in connection Wtth the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Please delete the words in the brackets rf they do not apply. Signed: Date: 8th April 2021 Name: Michael Jacklin Relevant professional qualification(s) or body {if any}: FCCA Address: Jackson & Grimes Limited 22 St Georges Slreet Stsmford Lincolnshire PE9 2BU CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examinerfs Report Report to the truste members of The H¢)SPital or Thomas TrLEsdale On a¢counts for the year ended 31st Decemter 2020 Charity no (if any) Set out on pages 1to4 I report to the trustees on my examination of the accounts of the above chartty (Ihe Trusf) for the year ended 3151 Deomber 2019. Responsibilities and As the charity trLtstees of the Trust. YC￿ are responsible for the preparation basis of report of the accounts in accordan￿ the requirements of the Charities Act 2011 {°the knr). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying out my examination. I have followed the applicabte Directions gwen by the Charity Commission under section 145{5){b) of the Act. I have completed my examination. I confimi that no material matters have come to my attention (other than that disclosed below") in ¢onneGtion with the examinatton which gives me cause to believe that in. any material reSFeGL accounting records were not kept in accordance with section 130 of the Ad or the accounts do ncé accord with the accounting records I have no Gon￿mS and have come across no other matters in connection wth the examination to which attention should ￿ drawn in order to enable a proper understanding of the accounts to be reached. Please delete the words in the brackets rfthey do not apply. Independent examinerfs statement Signed." L. April 2021 Name: Mithael Jacklin Relevant professional qualification(s) or body {if any}: FCCA Address: Jad(son & Grimes Limited 22 St Georges Street Stamford Lincolnshire PE9 2BU