## The Hospital of Thomas Truesdale 

**(Charity No. 220344)** 

## **Annual Report 2023** 

## **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 2023. 

## **Trustees:** 

Mrs Viv Mitchell continued to act as chair of trustees through 2022 and other trustees remained the same as for the previous year. 

## **Residents:** 

This year one resident moved from a small flat to a larger one and a new resident moved into the smaller flat after minimal alteration. This means that we had a full complement of residents for most of the year. 

## **Activities:** 

- After all the renovations carried out in 2022, 2023 has been a quieter year with the aim of re-building monetary reserves. 

- The clerk and chair continued to meet on a regular basis to conduct the essential business of the charity. 

- The Trustees met 4 times in 2023. 

- The crewyard at Morton has not sold despite active marketing. 

- The tenants in no 1 West St moved out early but were replaced without interruption in rental income. 

- The Charity continued to use Mr Peter Slinger to deal with architectural matters and he completed a quinquennial report which arrived with the chair in December 2023. 

- Conflict of interest and financial control policies were added to the policies portfolio They were devised in line with Almshouse Association guidelines. 

## **Assets:** 

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

2. A detached 2 bedroom property 1 West Street – insured value £302,289 let at £13,200 pa 

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 insured value is £762,262. The insured 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 

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

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



**Investments and Accounts:** 

At December 31[st] 2022 the total value of investments amounted to £436001. 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 23[rd] January 2024 



## 

|THE HOSPITALOFTHOMASTRUESDALE<br>RECEIPTSANDPAYMEI\ITSACCCILINT<br>FORTHE YEAR ENDING31stDECEMBER2023|||
|---|---|---|
||2423|zo22|
||f|f|
|RECEIPTS|||
|RentalsandContributions|||
|Residentscontributions*|f21,975.00|f17,841-.42|
|1WestStreet|f 9,855.00|f870.64|
|ManorHouse Farmrentals**|f15,900.00|f11,700.00|
|Agricultural iandMorton-Rentals and Wayleave|f10,278.43|f9,926.75|
|Dividends|||
|M&GCharifuni|f21,,2C7.9L|f20,587.79|
|COIFDeposltAccount lnterest|f420.42|f290.51|
|Bequest/Grants/Donations**+|f2,200.0a|f1,63B.00|
|Sundries****|f 3,699.63|f165.22|
|TOTATRECEIPTS|€85,535.99|f63,020.33|





|||2C23|2022|
|---|---|---|---|
|||E|f|
|PAYMENTS||||
|RepairsandRenewals|Truesdale Hospital|f49,397,74|f 5,590.53|
||ManorFarm-Morton|€156.00|f4,498.00|
||WestStreet|L2,512.00|f36,475.04|
|Lighting&Heating|Gas|f11,930.98|f9,279.27|
||Electricity|f967.4s|t1-,596.07|
||Water|f597.25|f437.78|
|Rates&lnsurance|Insurance|€.4,967.9!f-4,928.12||
|Administration|Clerk|14,340.00|f_4,342,04|
||Gardener/Plants|f1,233"63|t2,935.1,4|
||Admin/Officeexpenses|€352.86|f3c0.89|
||AlmshouseAssociation*|f539.00|f187.00|
||Architect|f2,766.21,|{2,517.20|
||Accountant|f486.00|f486.00|
||Legalfees|€30.00|f0.00|
||Land agent|f0"00|f300.00|
||Surveyors|f 394.93|€795.50|
||Structural engineer|f420.00|f 5s0.00|
|OtherExpenses|CouncilTax|f 975.65|f 3,502.58|
||Planningapplication|€0.00|fl,432.04|
||Green binsubscription|€49.00|€44.00|
||Christmaspresenttoresidents|f420.00|f 360.00|
||TV Licence|f6t.50|f0.00|
||Sundries|€600.71|f2,227.6A|
||RecoupmentFunds|€0,00|f0.00|
|TOTAT PAYMENTS||t83,2A4.83|882,784.68|
|EXCESSOFRECEIPTSOVER PAYMENTS||82,33L.16||
|EXCESSOFPAYMEI\TsOVERRECTIPTS|||{-"Lfi,7{},&|3X|





## 

## 

|SHAi\\iDBANKBALANCES- GENERAL FUND|||
|---|---|---|
||2023|2022|
|Bank BaiancesasattstJanuary2023|€|t|
|Barclayscurrent account|f9,446.30|f29,21"0.65|
|COIFdeposit account|f30,063.22|f-30,a63.22|
||€39,509.52|f59,273.87|
|Add:Surplusforyear|f2,331-.L6||
|Less:Deficitforyear||8t9,764.35|
|Balancesasat3lstDecember2023|f41,840.68|f 39,509.52|
|Barclayscurrentaccount|f$,674s2|f9,4463A|
|COIFdeposit account*|f22,170.35|830,063.22|
||f41,,840.68|f39,509.52|





## 

## 

## 

## 

|li\|VESTMENTS AT 31ST DE|CEMBER2023||||||
|---|---|---|---|---|---|---|
||Units||Value|Units||Value|
||2023||2423|2022||2022|
|EndowmentFunci|tVi&GCharifund - lncome units||||||
|||22,809.28f.|327,310.83|22,8A9.28|f|335,187.00|
|Recoupment(1)Fund|M&GCharifund-Accumulation units||||||
|||83.12f.|24,932.1L|83.12|f|24,059.00|
|Recoupmenti2)Fund|M&G Charifund - lncomeUnits||||||
|||1,995.28f|28,632.13|7,995.28|E|29,321.00|
|ElneIgen!:tlReserveFund|M&G Charifund-Accumulation units||||||
|||t83.77f|55,125.5s|L83.77|f|53,194.94|
|TotalOfAllinvestrnents||E|436,494.V2||f"|44t,761.94|
|GENERAL FUND€AS!-{AiTD|EAI!K|f|19,S70.32||f|9,446.00_|
|IO'IAL45SEI5||t|455,67LA4||t|45L,2O7.94|



|\rt"".tWUrrt<br>ChairmanofTrustees|Date|Cn<br>2T|
|---|---|---|
|ClerktotheTrusteesc'O|Date|Q.3'Agl"l"o:<ras}\|