The Hospital of Thomas Truesdale
(Charity No. 220344)
Annual Report 2022
Introduction
This report describes the activities of the Trustees of the charity established by the will of Thomas Truesdale in 1700, for the year ending 31[st] December 2022
Trustees
Mrs Viv Mitchell continued to act as Chair through 2022. Mrs Alison Warrick was appointed as a new trustee in May
Residents
In 2022 there has been no change to the resident population. One resident moved from a small flat to a bigger one and improvement work has been carried out on the empty flat. This means that we remained one short of the full complement of residents.
Activities
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The Clerk to the Trustees left her role in August and was replaced by a new Clerk with a 4 week induction period.
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The Clerk and Chair continued to meet on a regular basis to conduct the essential business of the charity.
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The Trustees met 4 times with one extraordinary meeting held to specifically discuss the sale of an asset.
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The visit to property owned by the charity in Morton took place and a decision was made to sell the Manor farm crew yard.
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The tenant who lived in No 1 West St died. The property needed significant renovation. The work was completed at the end of the year and measures were put in place to appoint a new tenant.
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The charity has continued to use Mr Peter Slinger to deal with architectural matters.
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A Health and Safety survey of the almshouse was carried out in March and the recommendations were accepted and carried out in full. The residents were made aware and the handbook was updated to reflect the changes.
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Data protection and Safeguarding policies were devised in line with Almshouse Association guidelines.
Assets
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A grade 2 listed almshouse building divided into 8 flats – insured value £2,395,326
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A 2 bedroom property no 1 West St – insured value £302,289 let at a rent of £5659pa
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Manor Farmhouse High St Morton, a detached farmhouse with garage, large garden and crewyard. The rent for this is £1,200 per month and the insured value is £762,262. The insured value of the outbuildings is £610,058 giving a total of £1,372,320
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Several plots of land around Morton bringing in rent as follows
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45.36acres of arable land off the A15 -- £6420pa
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34.55 acres of arable land in Morton Fen -- £2750pa
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4.24 acres of grazing land let to a horse owner -- £500pa
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4.76 acres of arable land off East Lane –£350pa
Investments and Accounts
At December 31[st] 2022 the total value of investments amounted to £441,762. The annual accounts prepared and submitted by the Clerk have been agreed by the Trustees and appear in a separate annex to this report.
Mrs V Mitchell 28[th] April 2023
THE HOSPITAL OF THOMAS TRUESDALE {REGISTEReD CHARifi 2203441 ACCOUNTS FOR THE YEAR ENDED 31st DECEMBER 2022
THE HOSPITAL OF THOM TrUESOALE RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDING 31st DECEMBER 2022 2022 2021 RECEIPTS Rentals ond Contribtjtlons Residents contributions. £17,841.42 £870.64 £11.700.00 £9.926.75 £16,332.¢XJ £5,659.16 £15,61KJ.¢J) £10,102.85 I West Street Manor House Farm rents15 A8flcultural land Morton- Rentals and Wayleave DIdendS M&G Charlfund COIF Deposit Atctyjnt Interest Bequest IGrantslDonatlons Sundries £20,587.79 £29J.51 £1,638.00 £165.22 £63,020.33 £18.355.38 £3.55 £3.270.00 TOTAL RECEIPTS £69.322.94 2022 Includes overlunderpayments to be adjusted in 2023 ** 2022 underpayment of £27(Kl. Paymènt plan agreed In 2023 Grant from Harry Skèlls Trust Page 2
2022 2021 PAYMETr¥rs Repalrs and Renewals Truesdale Hospital Manor Farm-morton West Street £5,590.53 E4,498.CKJ £36,475.C(J £40,439.91 £433.¢J) £7,803.00 Lighttng & Heating Gas £9,279.27 £1.596.07 £437.78 £4,905.85 £1,013.94 £975.84 Electriclty Water Rates & Insurance Insurance £4.928.12 £3.978.31 AdmSnlstration Clerk Gardenerlpiants Admin/office expenses Almshouse Association Architert Accountant Legal fees Land agent Surveyors Structural engineer Other Expenses Council Tax Planning application Green bin subscriptlon Christmas present to residents TV Licence £4,342.(Kl £2,935.14 £3LKI.89 £187.IKI £2,517.20 £486.00 £0.00 £3CX).00 £795.50 £550. £4.C(J8.(K) £1,080.¢X) f234.¢XJ £0.00 £433.51 £474.C(I £o.o) £0. £o.(x) £1.740.( £3,502.58 £1.432.LM) £44.(X) £360.IK) £o.(N) £2,227.60 £0.00 £o.Thi £39. £460. £37.50 Sundries £0.00 £0.00 Recouprnent Funds TOTAL PAYMENTS £82,784.68 E68.055.86 EXCESS OF RECEIPTS OVER PAYMEp¥fs £1.267.08 EXCESS OF PAYMEpifs OVER RECEIPTS £19,764.35 Page 3
THE HOSPITAL OF THOMAS TRUESDALE RECONCILIATION wrrH CASH JIND BANK BALANCES- GENEKIL FUND 2022 2021 Bank Balances as at tstjanuary 2022 Barclays current account COIF deF)OSit account £29,210.65 £30,061.64 £59,272.29 £27,943.57 £30,061.64 £58,005.21 £1,267.08 £59.272.29 Add.. Surplus for year Less= Deficit for year £19.762.77 £39,509.52 Balance5 as at 31st Detember 202Z Barclays current account COIF deposit account £9.446.30 £30.063.22 £39,509.52 £29.210.65 £30,061.64 £59,272.29 THE FIOSPITAL OF THOMASTRUESDALE Page 4
STATEMENTS OF ASSETS AS AT 31st DECEMBER 2022 PROPERTY FOR PURPOSES OF CHARITY Almshouses in Scotgate,Stamford linsured value £ 2,395,326) OTHER PROPERTY Manor House Farm lincluding farmhouse, crewyard. garage. cart hovel, garden and paddock), Ilnsured value: £762.262 Ihousel and £610,058 loutbuildingsl. Totsl £1,372,320 insured value) Land at Morton184.672 acre5 of arable land and 4.24 acres of grass landl I West Street, Stamford lin5ured value £ 302.2891 INVESTMENT5 AT 31ST DECEMBER 2022 Units 2022 Value Unlts Value 2021 2022 2021 Endowment Fund M&G Charifund- Income units ment Fund 22.809.28 £335,187 22.809.28 £354.957 riecou M&G Charifund- Accumulation unit5 ment Fund 83.12 £24.059 83.12 £24,107 Recou M&G Charifund - Income Units ReseThe Fund M&G Charifvnd - Accumulation units 1,995.28 £29,321.00 1.995.28 £31,050 Eme enc 183.77 £53.195 183.77 £53.302 Total Of All Investments £441,762 £463A16 GENERAL FUND CASH ANO BANK £9.446 £59.272 £451.20* £522 688 The accounts for the year ended 31st December 2022 and the above statement have been approved and adopted by the Trustees Chairman of Trustees Date ¥31,, Clerk to the Trustees (XO Date &3 /i. (J Page 5
CHARITY COMMISSION FOR ENGLANO AND WALES Independent examiner's report on the accounts Section A Independent Examirber's Report Report to the trusteesl members of The Hospital Of Thomas Truesdale On accounts for the year ended 31" December 2022 Charity no (if any) Set out on pages 1to5 I report to the trustees on my examination of the accounts of the above charity ('Ihe Trust") for the year ended 31. December 2022 Responsibilities and As the charity trustees of th8 Trust, you are responsible for the preparation basis of report ofthe accounts in accordan with the requirements oflhe Charities Act 2011 ("the Act.). I report in respect of my examination of the Trust's accounts carried QLrt 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 14515)Ibl of the Act. I have completed my examination. I confirm that no material matters have come to my attention {other than that disclosed below ') in connection with the examination which gives me cause to believe that in, any material re8peGt". accounting cOrdS were not kept in aGGordance with section 130 of the Acl or the accounts do not accord wilh the accounting words Independent examinerfs statement I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable proper understanding of the accounts to be reached. Please delete the words in the brackets rf they do not apply. Signed: Date: 23" October 2023 Name: Michael Jacklin Relevant professional qualification{s> or body (if any): FCCA Address: Jack50n & Grimes Limrted 22 St Georges Street Stamford Lincolnshire PE9 2BU