TRusfEES ANNUAL REPORT 2025 LEGAL AND ADMIN15niATIVE INFORMATION The Hospital of Sir Thomas Middlecott Algarkirk and Fosdyke- Reg. Chabity No. 254147 is a charity 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 nominative trustees lone nominated by Algarkirk Parish Council and one nominated by Fosdyke Parish Council) and six c(Tropted trustee5 (three residents of Algarkirk and three residents of Fosdyke}. Charity Trustees- who have arted at any tirne during the 2025 financial year are:_ Nominated - Mr D Glenn (Fosdyke Parish Council) Co-opted - Fosdyke- Mr J H Burdall. Mrjw Ulyatt. Mr D Bristow Algarkirk- Mrjw Moore, Mr A Blair, MrT O'Dwyer (from 131111251 Father Paul Norwood, Vicar of Algarkirk and Fosdyke {from 13111125} Clerk K Page (appointed) Sunrise, Mill Lane Fosdyke. Lincs PE20 2BL Bankers - Barclays Bank plc, Boston, Lincs. PE CCLA. Senator House, 85 Queen Wirtoria StreeL London EC4V 4 Solicitor5- Chattertons. 12 Broad Street. Spalding, knncs. PEII IES Independent Exarniners -TC Bulley Davey-l-4 London Road. Spaldin& PEII 2TA NARRATIVE INFORMAMON Objectives and Principal Activitses The Charivs principal activity continued to be that of the provision of Almshouses for financially disadvantaged people in the villages of Algarkirk and Fosdyke. To satisfy these objective5 the charity owns four bungalows (two each in Algarkirk and Fosdykel which have residents appointed Development, Activities and Achievements There has been no further progress with the plot the Charity has been offered as the remaining plots are unsold at present. In the opinion of the Trustees there were no serious incidents or other matters which thev were required to bring to the attention of the Charity Commission. Financial Review The objettives are to generate suffiaent income to continue the activities of the Charity and to maximise the return of the Charitys assets. Within the portfolio. cash reserve5 are held to ensure the ongoing activities of the Charity can be maintained. Accumulated Funds shown on the Balan￿ Sheet as at 31st De￿mber 2025- General Fund £2.173.660 Cyclical Maintenance Fund 28,852 Restricted Funds: Land and properties Extraordinary repair fund Capital Expenditure fund £ 958.395 £ 146,823 £ 58,043 Approved by the Trustees and signed on their behalf by: J Ulyatt - Chairnian Dated: Independent examiner's report to the trnstees of The Hospital of Sir Thomas Middlecott Algarkirk and Fosdyke on the financial statements for the year ended 31 December 2025 Respective rosponsibiiitio8 of trustees aod examiner The charity's trustees are responsible forthe prepardtion ofthe accounts. The charity's tThstees consider that aK) audit is not requir¢d for this y¢ar uuder s¢ction 144 of th¢ Chariti¢5 Act 2011 ('tth¢ Charities A¢t") and that pn independent examination is neede It is my restM)tLsibility to= exatnine the accounts under sertion 145 of the Charities ACL to follow the PTo¢edures laid down in the general Dir¢ctions giv¢n by the Charity Commission (under wtiOT] 145(5Xb) of the Charities ACL and to state whether particular matters have come to my attention. Basis of independent examiner's statement My examination was carried out in accordance with general Directions given by the Charity Commission. An exatnination includes a review of the accounting records kept by the charity and a comparison of the accounts presentcd with those re¢ords. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provid¢ all the ¢vidence that would ￿ requir&J in an audit. and consequently no opinion is given as to whcthcr the accounts present a 'true and fair, view and the report is limited to those matters set out in the statement FEIOW. Independent examiner's statement In ￿nn¢￿tiO[l with my examinatio￿ no matter has come to my attention: which gives me reasonable cause to believe that I￿ ony moterial respecL the requirements: to keep accounting record5 in accorda￿ with section 130 of the Chatities Act" and to P￿pare accounts which accord with the accounttng records ¥nd comply with the ac¢ounting requirements of the Charities Act have n(rt been or 2. to whictL in my opinioo attention should be drawn in orderto enable a proper understanding of the arGounts lo be reaGhe¢L right FCCA TC Group Chart¢red A¢¢ountsnts 14 London Road. Spaidin& LincolnshiTe Date Page 3 THE HOSPITALOF SIR THOMAS MIDDLECOIT ALGARKIRK AND FOSDYKE Receipts and Payments•￿wntsfoTthe year e￿ 31 Detrmber 2025 202 Totsl RECEIPTS Weekly maintenan￿ ContTibution Land Rent Calor Gas Irefund from resident) Insuran￿/ drainage rate rechar8e Otherincotne Pole Rent CDF Interest Investh)ent Fund Dmdend B3nk Interest TOTAL RELTIPYS 7.091 42.705 7,091 42.705 41,396 915 915 42 764 7.827 27 59.369 42 764 7.827 27 59369 743 8.925 30 58,740 PAYMENTS ndlDrds Electrictty m5hou5e Subsuiption WatÈrCharges Insuran¢e Administrati Repair5and Cycliral Maintenan Professional Services mshou5e Improvements LÈnd/Bui￿ln8s iTnprov2mÈnl Acctyjntancy other TOTALPAYMENTS 126 126 275 L138 1381 3,656 1.460 1.362 2.528 3.450 737 1.362 1528 3,450 737 15.720 830 830 649 L188 336 sii L188 336 sii 14.721 14.721 26.110 A￿AND INVEsfMENT PURCHASES Imiestments nd TOTALASSET AND INVÉSTMENT PURCHASES 135 135 1691 135 135 2.691 NEY RECEIPTS FOR THE YEAR -135 44513 29,939 TransfEf5 betweEll fur¥ls Cash funds lastyearend -135 433.493 135 433A93 403554 CASH FUNDSTTrBS YEAREND 4?8.￿ 478.iNJ6 433.493 The rK)teson page 6 torm partofthe5e recwpts and payments accour Page4 THE HOSP￿AL OF 51R THOMAS MIDDLECO ALGARKIRK AND FOSDYKE Statement of Assets and Liabiltties forthe year ended 31 DetembEr 2025 2024 CASH FUNDS Community Account Deposit Fund Business Saver Account 285.LK)7 190.954 2.046 248.348 183,127 2.020 478,CK17 433,495 INVE5fMENT ASSETS COIF Charity Fund COIF EKtraordinary Repair Fund M & G Recoupment Fund 26.005 146.823 58.043 27.312 149,742 49.735 230,871 226.790 ASSEfs REtAINED FOR THE CHARtrfS OWN USE Land 8un8alows 1.928.395 728.51KJ 1.928.395 728.500 2.656,895 2.656.895 3.365.773 3.317,179 REPRESENTED BY Unrestritted fund5 Cash funds Investment Assets Assets ￿taiTred fof the charivs own use 478.(KJ7 26.005 I.6985￿] 433.495 27.312 1.698.5CKI 2,202,512 2.IS9.306 Restricted Funds Inv￿ment Assets Assets retsined for the chartws own use 204,866 958.395 199,478 958.395 1.163,261 1,157,873 3.365.773 3.317.179 Approved by the Tru5te£s and signed on their behalf by J Ulyatt- thairman Dated The notes on page 6 fomi part ofthese receipts and paymerts accounts Page 5 THE HOSPITALOFSIR THOMAS MIDDLECO ALGAR￿RK AND FOSDYKE L PREPAPATION OF RECEIPT5 A14D PAYMENT5ACCOUI(ts al Rerktsl Income Rental income 15 included in the Teceipts and paymentsac(witon retript bl Invtsbnent Re￿Ipts Dividends are induded in the retripts and P3VTnents account ￿ reoipt BHnk intyest is i￿l￿ded in the re£eipts an payments account on receipt. tl P3ym@nts There are no pur£hasÈ invijitrs retr￿Ed Wore the ￿arend but not paid until afterthe year end. at)d there are no items of e¥penditure incurred before the year end b￿nOin￿￿cQ iÈ(Ei¥ed until aftertheyear end. I ASS£TS RETAINED FOR THE CIIARThfs OWN USE At 31 Deomber 2025 the Charity's freehold laThl and buildingswerE asfoFjo￿. - 7.181 atresor thereabouts situatÈ at0￿ Leake 7.85 aues or thereabouts 5itua¢e at Swineshead - 12.708, 4.241. 2.629 and 3.09 acres orthÈrealKyJlS sitithte at Wwoft - 11.37acresor therealK)uts situate at Fenhouses - 335 aues or thereabouts and farm buildings3tThorney - 2 freehotil 5erni-detsched bungalows atold Main Road. Fosdyke and 2 sern￿deat￿e￿ tr￿J￿a￿ws atchurth ianÈ. A*arkirk All of the knd is subject to tenanlle5 and the four alm5kKtse bryal¢Jws ￿￿pIe￿. as of 3tst December 2025. by residents 3ppointe(I bythe TnJstees. The Statement of Assets and Uabilrkne5 I[￿ude freeho￿ land and buildires at the Tnjsieesovm Yaluation, based on local and current inf9rr￿li0n as follows". The 380.979 acres or theieatrwts of Jand held at 31 Lkc 2025 has been wdlU￿ by the Trustees Ibased on the Trtsstees. knowlÈdge of loral and current land values) at £5.CO) per acre. This Trraluation being deeN*dd reasonable be£ause the protected ￿nanCIe,$ thètexist render the w)tential sale value below that of market value. The 3.09 acte5 purthased in 2015 is valued at cost1£23,5001 The Altn5hou5es at Old Main Road. Fosdyke and (￿r(h Larte. Al8a*ith been Ir￿uded at their current value for insurante purposÈs of É728.500 3. INVESTMENTS Sharehotdihg Valuear Adththnl lja Disposal 2025 Val￿￿ valutat 31 Dec 2025 (Decrease) 2025 COIF CF¥rity Fund 1345.86 27,312 .1307 26.Th)5 COIF- ExtraoTdTnary Repair 574.57 149.742 -1919 146.823 M & G- Recouprnent Funtl 411_863 49.735 8.173 $8.043 226.789 230A71 TRUSTEE REMUNERATION No remunerdtion was paid or payable directy tr irbdirEcdy i)ut of the funds of ￿ Clwty the yea¥ to anyTFusree or to any porson persons known to be cOthnett￿ any of them. No reimbur5ernentofexperw been mtde or is duE to be madew arryTnts*e in ¥E5pertof the year under review.