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2021-12-31-accounts

The Hospital of Thomas Truesdale

(Charity No. 220344)

Annual Report 2021

Introduction:

This report describes the activities of the Trustees of the charity established by the will of Thomas Truesdale in the year 1700 – charity number 220344 – for the year ending 31[st] December 2021

Trustees:

This year very sadly Mr Andrew Moore became ill and was not able to continue in his role as a Trustee and later in the year the Chair Col John Harvey moved away from the area. This left the charity without a Chair so the Vice Chair Mrs Viv Mitchell stepped into the role and after some thought decided to continue into 2022.

Residents:

This year there has been no change to the resident population. Improvements to apartments have meant that we are one short of the full complement.

Activities:

The Trustees met 4 times in 2021. In the early part of the year the meetings were held via zoom because of the ongoing coronavirus pandemic and then later 2 meetings were held face to face. The visit to the property and land owned by the charity at Morton was once again cancelled.

The Clerk and Chair continued to meet on a regular basis to conduct the essential business of running the Charity.

The Charity has continued to use Mr Peter Slinger to advise the Trustees about architectural matters. In May 2021 structural engineer Mr John Ellington completed his report on the reconstruction of the collapsed boundary wall. The report concluded that to the best of his knowledge the wall has been rebuilt in accordance with the proposed structural scheme designed and detailed by Stanza Ltd.

Flat 6 has been undergoing renovation during 2021 and is nearing completion.

Assets:

  1. A grade 2 listed almshouse building divided into 8 flats—insurance value £2,395,326

  2. Detached 2 bedroom property 1 West Street – insurance value £302,285 let at £5659pa

  3. Manor Farm House, High St, Morton a detached house with garage, large garden and crew yard. The rent for the farmhouse is £1,200 per month and the insurance value is £762,262. The insurance value for the outbuildings is £610,058 giving a total value of £1,372,320.

  4. There are several plots of arable land bringing in rentals as follows: a. 45.36 acres of arable land off the A15 which is let at £6420pa. b. 34.552 acres of arable land in Morton Fen let at £2750pa

  5. c. 4.24 acres of grazing land let to a horse owner at £500pa

  6. d. 4.76 acres of arable land off East Lane Morton let at £350pa

Investments and Accounts:

At December 31[st] 2021 the total value of investments amounted to £463,416. A summary of the charity’s accounts has been prepared by the clerk assisted by Mrs Gillian Matthew, an accountant who has recently retired from managing the accounts at a much larger almshouse complex. The accounts are in a separate annex to this report.

Mrs V Mitchell 7[th] February 2022

THE HosprrAL OF THOMAS TRUESDALE IREGtSTERED CHARtrY 220344) ACCOUNTS FOR THE YEAR Et4DED 31st DECEM8ER 2021

THE HOSPITAL OF THOMASTrUESDALE RECEIPTS ANO PAYMENTS ACCOUP FOR THE YEAR ENDING 3 DECEMBER 2021 2021 2020 RECEIPTS Rentals and COntrib￿lOn$ Restdents Contributions" I West Street Manor House Fami renrals". Agri¢uttural land Morton- Rentats and Wayleave £16,332.IX) £5,659.16 £15.600. EIO,102.85 £16.696.C É5.659.16 £13.200.CK) £10,100.65 Dividends M&G Charifund COIF Depostt Account Interest BeqL*est/Grar¢tslDonations Sundries £18.355.38 £3.55 £16,619.06 £78.93 £3,270. £77.68 TOTAL RECEIPTS £69322.94 £62A31.48 2020 Includes underpayment from 2019 'Includes one months underpayment from 2020

Grdnt from Harry Skells Trust Page 2

2021 2020 PAYMEiirs Repairs and Renewals Truesdèle Hospitsl Manor Farm-morton £40,439.91 £433.IXI £46.239.14 £8(Y8.00 £335.18 West Street £7.803.fy) Lighting & Heatin8 Gas tlectrfclty Water Rates & Insurdnce Ingjrance £4,905.85 £1,013.94 £975.84 £4,591.79 £992.90 £1,301.07 £3.978.31 £3,875.79 Administration Clerk Gardenerlpiants Adminloffice expenses Almshouse Association x 2 years Architect £4,co8.￿ £3,6(Kfr. £1.080.￿) £1,654.50 £234.CN) £193.42 £0. £380. f433.51 £474.C £o.(KJ £2.008.67 £438.00 Accountant Legal fees Land agent Surveyors Structural en￿neer Other Expenses Planning application Green bln sub5crtption Christmas presentto res5dents TV Licence £23.762.44 £0.00 £0. £0. £0.00 £1.740.(K) £0.00 Éo.c £39.lJJ £310.CM) £36.(XJ £460.OD £250.(X) £37.50 £37.50 Sundries Recoupment Funds Legionella Testing TOTAL PAYMEKrs £0.00 £0. E630.00 £0.00 £o.¢YJ £0.00 £68055.86 £91,444.40 EXCESS OF RECEIPTS OVER PAYMEiirs El,267J)8 EXCESS OF PAYMENTS OVER RECEIPTS £29.012.92 Page 3

THE HOSPITAL OF THOMASTRUE5DALE RECONCILIATI N WtrH H AND BAIIK BAL￿IcE5. GENERAL FUND 2020 Bank Balances a5 January 2021 Barclays current account COIF deposit account £27,943.57 £30.061.64 £58.IK15.21 £1,267.08 £59,272.29 £56,956.91 £30.061.22 £87,018.13 Add: Surplus for year Lèss: Deficit for year £29.012.92 £58.005.21 Balan¢es a5 at 3tst De£ember ZOZI Bardays cur￿Tht ac¢ount COIF deposit oc¢ourt £29,210.65 £30,061.64 £59.272.29 £27.943.57 £30,061.64 £58,(KJ5.21 Page 4

THE HOSPITAL OF THOMAS TRUESOALE STATEMENTS OF ASSEfs AS AT 31st DECEMBER 2021 PROPERTY FOR PURPOSE5 OF CHARITY Almshouses in Scot8ate.Stamford (insured value £ 2,395.3261 ER PROPERTY Manor House Farrn (including farnihouse. crewyard. gaTage. cart hovel. garder) and paddoekl, (insured value.. £762,262 Ihousèl and £610,058 louthuildings), Total £1.372,320 insured valLre Land at Morton184.672 acres of arnble land and 4.24 acres of gra￿ landl I West StreeL Stamford Ilnsured value £ 302.289) VEsfMENTS AT31ST OECEMBER Units Value 2021 Units 2020 Value ndowm M&G Charifund- Income units Fund 22WTr3.28 £354.957 22809.28 £313,073 Recou ment M&G Charifund- Attwmulation units Fund £24,107 83.12 £20,250 Reco¢ ment M&G Charifund- Income Units Reserve Fund 1.995.28 £31.050 1995.28 £27,387 Eme en M&G Charifund- Accumulation units 183.77 £53.302 183.77 £44,772 Total OIAII lThvestments £463A16 £405.482 ENERAL FUND CASH AND BANK £59.2n £522.688 £58,005 £463M87 The accounts for the year ended 31st t)ecember 2021 and the above statement have been approved and adopted by the Trustees Chairman of Trustees Ll Date aL*iL Cierk to the Trustees Date 21 Page 5

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent ExamineVs Report Report to the tnJsteesl members of The Hospital Of Thomas Twesdale On accounts forthe year •nded 31$1 December 2021 Charity no (rf any) Set out on pages 1to5 I report to the truslees on my examination of the accounts of the above charty (Yhe Trust") for Ihe year ended 31. De￿mber 2019. Responsibilities and As the charity trustees of the Trust, you are restx)nsibie for the preparation basis of report of the accounts in accordan￿ with the requirements of the Charities Act 2011 {Yhe Aci.). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examinalion. I have followed the applicable Direclions given by the Charity Commission under section 145(5)Ibl of the Act. I have completed my examination. I confimi that no material matters have corne lo my attention (other Ihan that disclosed below "l in connection with the examination which gwes me cause lo believe that in, any material respect.. accounting re(x)rds were not kept in accordance with section 130 of the Act or the accounts do not accord with the acrx)unting records Independent examiner's statement I have no concems and have come across no other matters in conneclion wrth the examination to which altention should be drawn in order to enable a proper understanding of the account5 to be reached. . Please delete the wo￿$ the brackets if they (k) not apply. Signed: Date: 27. April 2022 Name: Michael Jacklin Relevant professional qualification(s) or body {rf any)- FCCA Address: Jackson & Grimes Limrted 22 St Georges Street Stamford Lincolnshire PE9 2BU

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examinerfs Report Report to the trusteesl members of The Hospital Of Thomas Truesda On accounts for the year ended 31" December 2021 Charity no (if any) Set out on pages 1to5 I report to the truslees on my examination of the accounts of the above chartty ('Ihe Trust"} for the year ended 31$1 December 2039. Responsibilities and As the chanty trustees of the Trust. you are responsible for the preparation basis of report of the accounts in accordan￿ wrth Ihe requirements of the Charities Act 2011 (Ihe Acf). I report in respect of my examinatK)n of the Trust's accounts (2rried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicxble Directions given by the Charity Commission under section 145(51{b) of the Act. I have completed my examinatK>n. I confimi that no material malters have come to my attention {olher than that disclosed below ') in connection with the examination which gives me cause to believe that in, any material respect." accounting reca)rds were not kept in accordance V￿th section 130 of the Act or the accounts do not accord with the accounting records Independent examinerfs statement I have no cOn￿rnS and have come across no other matters in connection with 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 rfthey do not appty. Signed: Date: 2Yh April 2022 Name: Michael Jacklin Relevant professional qualification(s) or body (if any): FCCA Address: Jackson & Grimes Limited 22 St Georges Street stamford Lincolnshire PE9 2BU