TRUSTEES ANNUAL REPORT 2023 LEGAL AND ADMIPILSTrATIVE INFORMATIQN The Hospital of Slr Thomas Middlecott Al8arkirk and Fosdyke- R. aRrity No. 254147 is a charity governed by the schemes of the Charity Commissioners dated April 1983 and15 constituted by one ex-officio tee Ithe WKar of Fosdyke and Rector of Algarkirk), two nominative trustees (one nominated by AlgaTkirk Parish Councll and one nominated by Fosdyke Parish Council) and six C{0Ptedtru5tees (three residerrts of Algarkirk and three residents of Fosdyke). Charlty Trustees-who have acted at anytlme during the 2023 finandal year are:_ Nomlnated - Mr D Glenn (Fosdyke Parish Council), Mrs C Humphreys (Algarklrk Parish Council) Coryopted. fosd*e- MT JH Burdall, Mr JW Ufyatt, Mro 8TiStow Algarklrk- Mr JW Moore, Mr CW Moore Clerk Ms SA Wllson, 50 Bell Lane, Moulton, Nr Spaldin& Lincs. PE12 6PH Bankers - Barclays 8ank plc, 8oston, Llncs. PE cc Senator House, 85 Queen Vlctorla Street, London EC4V 4£T Solldtors- Chatt¢rton& 12 Broad streeL Spaldin& PEII IES Indepdent Exami . TC 8ulley Qavey- 14 London Road, Spafding, PEII 2TA
NARRATIVE INFORMATION Objectives and Prindpal Attlvjtles financidISadI3ged pPIe in the ¥illages of Algarklrk and Fosdyke. To satisfy these objectives the Charity owns four bungalows (two Èach In Algarklrk and Fosdyke) which ha¥e restdents appointed The Trustees welcomed the news that a developer has been 8ranted plannlng permission on a slte In Fosdyke and ha5 generousty offered to sign over a plot to the Charlty whlch is In the oplnlon of the Trustees there were no serious Incldents or other matters whlch they were requlredto brlngto the attert of the Charsty Commlsslo The objectives are to generate suffldent Income to contlnue the actlvities of the Charlty and to maximise the return of the charis assets. Wlthln the portfollo, cash reserrfes are held to ensure the ongolng actlvltles of the Charlty (an be malntsined. Accumulated Funds shown on the Balance Sheet as at 31st December 2023- General Fund £2112405 Cydical Malntenance Fund £ 16358 Restrlcted Funds: £ 958395 Extraordinary repalr fund £ 139986 Capital Expenditure fund £ 45904 Approved by the Trustees and signed on their behalf by: D Glenn - Chalmwn Dated: Ib"
THE HOSPITAL OF SIR THOMAS MIDDiECO 2022 fun(L% Total RECEIPTS Land Rent Calor Gas (refund from resldentl 40,183 500 40,183 250 Pole Rent CDF Interest Investment FLmd Dmdend 139 730 1,613 733 7.314 19 733 7314 Other TOTALRECOPTS s65 56,995 49hq72 PAIThqENTS 159 153 Almshousesubxription Water ChJry5 267 L019 267 L019 Adminlstratlon Repalrs and Cydt¢al Malntenance s,(5 291 5.005 2.691 3,860 4.330 Almshouse Impmements LandlBuÉldin8s improvefflent 215 215 7A65 874 874 12256 341 19A56 TOTAL PAYMENTS 2331 Land 2.591 2.591 2,331 28,085 -2591 36L4( 333321 403554 361.406 The note5 on pase 6 fomi partgfthesereceiptsand p8ymentsaccounts
THE HOSPITALOF SIR THOMAS MIDDLECO CommunityAccount 227363 192,547 8uslnessSa¥erAccount L989 1.971 403.554 361,406 COIF Ch4rltyFund 26.709 24861 121197 43.092 M & G Recoupment Fund 211599 189.750 Land Bungalows L928.395 728,500 1.928.395 728,500 6A95 3,273,048 3,208.051 Unfesttted funds Investment Assets Assets retalned for the tharlWs own Le 26,709 1,698,S(K) 24A61 L698,5 2,IZ8,763 2,r384267 Restricted Funds Assets retalned forthe chwws ovjn use 958,395 958,395 1,144.285 1,123,684 3.273,048 3,208,051 Approved by the Tru5tee5 arKI 518ned on thelrbehalf by D Glenrb. tha1M'"" Dated IE" w. Ic)Lw.
ThE X05PITALOFSIR THOMAS MIDDiECI>TI al Rentsl Inrne Rental [re ts Inctuded in the re¢eipts•nd p•yments ac£ount on receipt Oividends are induded ift the fecapts and Vrnents actount on recelFrt. Bank Interest is Induded in the rttelpts and account on recerpt. There are no puychase In¥ow rttthed beforetheyearend but not paid untll aftwtheyearend. andthereaTÈ M Items rfexpendtture Incurred before the yearend butno Invoke recelved untEI afterthèyear end. At 31 DeCeMr2013 Ch41itysfr•ehold lartd and bulldlngs wern •s follo. -7.85 atresorthereabosJts sltuateatswlneshead - 12.708. 4.241. 2ffj29 aftd 3.09 acres orthereabouts sltuate atWF#oft . 11.37auesorthernaboutssitiwteat Fenhouses . 2 freehold seml4etsched bunptows at Old Main Roal Fk8 and 2 Seml-de4tth l)urytows at Chur¢h Lan AIRarktfk Afi of the tsnd is sublect to tenande5 andthe fourJlm51H>use bung•lows were CUPI as of 31st December 2023. by resld)tsapptrlnted bvthèTruJtees. nd current 5nfoTrnation asfollows.. The 380S79 acres or thereabouts of lènd held •t 31 Dec 2023 hos been lUed by the Trustees Ibased on theTrwte•s' protetted tenancle's that dst render the potenthl sgle value below that of matht valu& The acres purchased lrt 2015 b valued atcostl£235Tr)1 Value •t ljan In¢rn• IDeue45el Valuo at 31 Dqc DEw•l COIF- Extraordlrtary Repalr 564A6 122,197 IS,333 139.986 1677 No remuneration was p3id or payable dI1Vor indirecdyixrt of the )knK15 rfthe Charity durin8 theyearto anyTru5tee 14orelmbutsementof expe¢iSeslS1enmadeUri5dUetobEa(1tto anyTTusttein respect Orthernlerre¥lew.
Thomas Middlecott Al2arkirk and Fosdyke on the finaneial statements for the year ended 31 December 2023 that an audit is not ro]uired for this y¢4r under srttion 144 of th¢ cIlti&8 Act 2011 fthe ChaTiti Act.) and that an indwd¢nt ¢Kaltion is ne¢dcd. It ismy wJo•lo: examine the accounts under section 145 ofthe Chariti¢4 (under s#tion 145(5)(b) of the Charities ACL and to state whether parti matters have eomc to rny attartion. Basis of indepeudellt examiner's stateDWIt Comn)ission. kn exaMItion includes a review of the accounting ordS kept by th¢ chaTity and a eompaTison of the aecounrs presented with those rttord* It Includes coTh8idaknon of any unusual matters. The procedures undertaken do not provid¢ all the evidence that would be required in an audit, and CODsequeDily no opinion is giv¢ll as to whetber thc accounts present a 'tsue and fair, view and the Independent elller's statement l. which give5 me reasonable uSe to Ixjieve that I anymataial rcspe¢¢ the rwireM. to prepare accounts which accord with the accounting Or&S and comply with the a¢unting requirentr of tbe cIltieS Act have not be¢n m< or accounts to be reathcd. right FCCA TC Group Cbart¢red AOuntantS