THE HOSPITAL OF SIR THOMAS MIDDLECO
ALGARKIRK AND FOSDYKE
(Reg. Charity No. 254147)
RECEIPTS AND PAYMENTS ACCOUNTS
for the year ended
31 December 2024

THE HosprfAL OF SIR THOMAS MIDDLECO
ALGARKIRK AND FOSDYKE
corirENTS
PAGE No.
land2
Trustees Annual Report
Independent Examiners Repgrt
Statement of Financial Activities
ststement of Assets and Liabilities
Notes

TRUSTEES ANNUAL REpoKf 2024
LEGALAND ADMINisfRATIVE INFORMATION
The Hospital of Sir Thomas Middlecott Algarkirk and Fosdyke- Reg. Charity No. 254147 is
a chartty governed by the schemes of the Charity Commissioners dated 6th April 1983 and is
constituted by one ex-officio trustee {the Vicar of Fosdyke and Rector of Algarkirkl, two
nominatNe trustees (one nominated by Algarkirk Parish Council and one nominated by
Fosdyke Parish Council) and six c(popted trustees (three residents of Algarkirk and three
residents of Fosdyke).
Charity Trustees- who have acted at any time during the 2024 financial year are-_
Nominated - Mr D Glenn (Fosdyke Parish Council), Mrs C Humphreys (Algarkirk Parish
Council) until November 2024
Co-opted -
Fosdyke- Mrj H Burdall. Mrjw Ulyatt, Mr D Bristow
Algarkirk- Mrjw Moore, Mr ON Moore until May 2024.
Mr A Blair and Mr D Bradley from May 2024
Clerk
Ms S A Wilson, 50 Bell Lane, Moulton. Nr Spaldin& Lincs. PE12 6PH (resigned)
K Page lappointed} Sunrise. Mill Lane Fosdyke, Lincs PE20 2BL
Bankers
Barclays Bank plc, Boston, Lincs. PE
CCLA, Senator House, 85 Queen Victoria Street. London EC4V 4ET
Solicitors -
Chattertons, 12 Broad Street, Spaldin& Lincs. PEII IES
Independent Examiners - TC Bulley Davey- 14 London Road, Spaldin& PEII 2TA

NARRATIVE INFORMATION
Objectives and Prinapal Artivities
The Charitvs principal attiwty continued to be that of the provtsion of Almshousesfor
financially disadvantaged people in the villages of Algarkirk and Fosdyke.
To satisfythese objertives the Charity owns four bungalows (two each in Algarkirk and
Fosdykel which have residents appointed
Development. Activities and Athievements
There has been no further progress with the plotthe Charity has been offered as the
remaining plots are unsold at present.
In the opinion of the Trusteesthere were no serious incidents or other matters which they
were required to bringto the attention of the Charity Commission.
Financial Review
The objectives are to generate SLrfficient income to continue the activities of the Charity and
to maximise the return of the Chartvs assets. Within the portfolio, cash reserves are held
to ensure the ongoing activities of the Charity can be maintained.
Accumulated Funds shown on the Balance Sheet as at 31 December 2024-
General Fund
£2.136.808
Cyclical Maintenance Fund
22.498
Restricted Funds:
Land and properties
Extraordinary repairfund
Capital Expenditure fund
£ 958.395
£ 149.743
£ 49.735
Approved by the Trustees and signed on their behalf by=
D Glenn
thairman
Dated:

Independent examiner's report to the trustees of The Hospital of Sir
Thomas Middlecott Algarktrk and Fosdyke oll the financial statements for
the year ended 31 December 2024
Respective responsib￿ltieS of trustees and examiner
The clMTity's Inwees aTC Wnsible forthe p[qM[th(￿ ofth¢ accounts. Tbe charity's trustees consider
that an audit is not iequired for this year und¢r section 144 of thc Cb2Tities Act 2011 fthe cI￿ltieS
Act,) and that an independent examin￿0￿ is need&1
It is my Tespollsibility to:
examine the accounts under se¢tton 145 of the ch￿itIeS
to follow the prOCe(h￿eS laid dovrn in the general DiJEoAOnS given by the Charity Coom]ission
(ullder section 145(5)(b) of the Ch&yti&% ACL and
to statc whetherparticular DWers bave come to my atte￿10
Basi5 of independent eiaminevs statement
My examination carried out Tn accordall￿ with general DiTecti¢)]]s given by the C1￿7ty
CommissAOII. An examtoatioll includes a review of the a(￿ll￿tIllg records kept by the charity and a
comparison of the accounts presented with those reconLs. It also includes considetztion of any unusual
items or disc108ur&% in the accouoty and seeking explanations from the trustees concerning any such
matters. The pll￿edureS undertaken do not provide all the evidence that would k required in an audit.
alld conseqllent]y no opinion is ￿Vell to whether the acLX)unts prew a .tn￿ and fair, view and the
report is limtted to those ll￿tters set out in the statement below.
Independent examitier's statement
In collnection with my examinatio￿ no matttthas come to my attentio
l. which gives me Tea8onable cause to bejieve that any material rwL the requiments:
to keep accounting recoTds in a(rordance with section 130 of the Clwities Act; and
to prepare accounts which accord with the ac¢ountillg retords and comply wlth the accouuting
requirements of the ChaTities Act have not been meL or
2. to whicl in my Opinio￿ attention should be drrn in orderto enable a proFWm]derstanding of the
ac¢oullts to be ftached.
P R Wright FCCA
TC Group
Chartered Accountants
14 London RO￿ SpaId[￿ Lincolnshi
Date
Page 3

THE HOSPITAL OFSIR THOMAS MIDDLECOTT
ALGARKIRK AND FOSDYKE
RecÈipts ar¥1 Payments kcountsforthe >pareryted 31 December 2024
2024
fvnd5
funts
Total
Totsl
RECEIPTS
Weekly MaintenarKe Contribtrtw)n
Land Rent
CalN Gas (refund from resNlentl
Insurance I drainage rate retharge
Pole Rent
CDF Interest
Investrnent Fund D￿￿dend
Bank Interest
TOTAL RECEIPTS
6.895
40,183
500
1.213
138
733
7,314
4L396
41396
45
743
8.925
743
8325
30
$8,740
58.740
56.995
PAYMEri
Alm5hou5e Subscriptlon
Watsr Char#e5
Insutance
Admlnlstration
Repairs and Cy¢liE31 Maintenan
Almshouse Improvemerrt5
nd/Buildings improvemont
Other
TOTAL PAYMENTS
275
L138
2381
275
267
1.019
2.381
3.656
s,(￿5
2.691
215
15.720
830
649
26.110
15,720
830
649
26.110
874
12256
ASSET AND INVE5tMENT PURCHASES
Investments
Land
TOTALASSET AND INVEThIv￿puRcHAsES
2.691
2.691
2.591
2,691
2.691
2591
NET RECEIP75 FOR THEYEAR
32.630
-1691
29￿9
42.148
Transfers between fuads
sh funds lastyeareThS
-2.691
t103554
2,691
403554
361,406
CASH FUNDS7HISVÉAR END
433A93
433.493
403,554
The Th)tes on page 6forni part (rfthese receipts and ￿mertts acrourts

THE HOSPITAL OF SIR THOM￿ MIDDLECO
ALGARKIRK AND FOSDYKE
ststement of Assets and Liabilities forthe year ended 31 December 2024
2024
2023
CASH FUNDS
Community knount
Deposlt Fund
Business Saver Account
248348
183.127
2.020
227363
174.202
1.989
433.495
403,554
INVEsrmETr￿ A55EtS
COIF Charity Fund
COIF Extraordinary Repair Fund
M & G Re¢oupment Fund
27,312
149.742
49.735
26,709
139,986
45.91J4
226.Th)
212,599
A55Efs R￿AINED FOR THE CHARITY'S OWN USE
Land
Bungalows
1928,395
7285C(J
1,928,395
728,500
2.656W5
2,656.895
3.317.179
3,273,048
REPRESENTED BY
Unrestricted fund5
Cash funds
Investment Awts
Assets retsined for the charitvs own use
433.495
27312
I.6985(￿•
403,554
26,709
1.698,5(M)
2.159.306
2,128.763
Restricted Funds
Investment Assets
Assets retained for the charity's own use
199.478
958.395
185,890
958.395
1.157A73
1.144,285
3.317.179
3273,048
Approved by the Trustees and signed on their behalf by
D Glenn- Chaim)an
Dated
I£yL
The notes on page 6 fom) part ofthese re￿Ipts and payments accounts
Page 5

THE H05PffALOF SIR THOMAS MIDDLECO
Notestothe ACCOW￿t0rtheyearended 31 December2024
I. PREPARATION OF RECEIPTSAND PAYMEPITSACCOUPtts
al Rental Income
Rental irKome is included in the receipts and paymentsat¢ount on receipL
bl Inve5trnert Receipts
Dividewbds are included in the receipts and payments account on receipL Bank irtwest ts I￿luded in the receipts and
payments accounton recetpt.
cl Payments
There are no purthase invoices received befo￿ the year end but not paid until afterthe year end. and there are no item5 of
expendf(ure inCu￿ed beforethe yearend no inwKe r￿eNed until afterthe year end.
2. ASSEfs R￿AINED FOR THE CIIARbTfsowN LISE
At 31 December 2024the Charrty'5freehold land and buildin￿ wereasfollows:
- 7.181 acre5 Orthe￿ab0Uts SIt￿te at Old l￿ke
- 7.85 acres Orthe￿ab0Uts sIt￿e * Swineshead
- 12.708, 4.241, 2.629 and 3.09 aryes orthereabouts Situate at VI￿Oft
- 11.37 acres orthereatK)uts situate at Fenhouse5
- 335 acres orthereatrxjuts and farm buildings at Thoml
- 2 freehold semi-detsthed bunga]ows at Old Main Road, Fosdyke and 2 Semi-deatd￿￿ bureakn￿ at Church lane, Algarkirk
All of the land is 5ubiett to tenancies and the four alrn51wJ￿ bu￿10￿5 We￿ ocwpted, as of 315t De￿rnber 2024, by
residents appointed bytheTrustees.
The Statement of Assets and ￿abil[tIeS iKludèfreehold land abxl buildings at the Trustees own valuath)n, based on local and
current irrformation as folknws..
The 380.979 acres or thereaLy)uts ol land hdd at 31 Dec 2024 has been Yèlued ty the Tru2ee5 (based on the Tru5tee5'
knowledge of local and current land Wdlue51 at £5LMXJ per acre. This valuation being deemed reasonable because the
protected tenancie's that exist renderthe FQtertial saleTrAlue L*lowthat of marketvaluL The 3.09 acre5 purchased in 2015 is
valued at Cost1£235￿)
The Almshouses at Old Main Road. Fos(tyke and Church Lane, Algarkirk have been in¢luded attheir current valuefor
insurance purposesof £7285C
INVESTMENTS
Sharthol¢fi
vah￿ at
ijan
Addltionl
DISPD
Valuation
Increase
IDe¢reasel
2024
Value at
31 Dec
2024
COIF Charity Fund
1345.86
26.709
f￿3
27,312
COIF- Extraordinary Repair
57457
139.986
2556
7.200
149,742
M & G- Recouprnerrt Fund
410.79
459)4
135
3,696
49,735
IIA99
226,789
4. TRU5tEE REmuNERA￿oN
No remuneration was paid or payable directty or indirKttyout of the fvndsof the Charity durinEtheyearto aTryTrullee orto
any person or persons known to cOnn￿ted with anyof them.
No reimbursement of expenses has been madeor is due to be madetoanyTrustee in respect of the year under review.
Pa8e 6