**THE ALMSHOUSE CHARITY OF SIR JOHN OFFLEY** **REGISTERED CHARITY NO. 1192182** **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED** **31[st] DECEMBER 2025** **THE ALMSHOUSE CHARITY OF SIR JOHN OFFLEY** Page 1 **FINANCIAL STATEMENTS FOR THE YEAR TO 31[st] DECEMBER 2025** |**INDEX**|| |---|---| |Report of the Trustees|2 - 4| |Independent Examiner’s Report|5| |Receipts and Payments Account|6| |Statement of Assets and Liabilities
|7/8| **THE ALMSHOUSE CHARITY OF SIR JOHN OFFLEY** Page 2 **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31[st] DECEMBER 2025** The Trustees present their report and accounts for the year ended 31[st] December 2025 The Almshouse Charity of Sir John Offley registration no. 119182 is a constituted Charitable Incorporated organisation registered on 5[th] November 2020. ## **Objects of the Charity, principal activities and organisation of our work** The principal object of the Charity is to provide almshouse accommodation in property owned by it at Station Road, Madeley, Staffordshire, 1& 2, Greyhound Cottages, Madeley ,Staffordshire and Pool View Cottage, Madeley, Staffordshire. The Charity operates under a Scheme approved by the Charity Commissioners on 24[th] April 1969. In accordance with the constitution, there should be not less than three nor more than five appointed trustees, one ex officio trustee and one nominated trustee and are assisted by a Clerk who is employed part-time. The Scheme also includes the Charity of Martha Halmarack, the two Charities being operated in conjunction with each other. ## **Review of activities this year and future plans** The Trustees are satisfied that the Charity's objectives were fulfilled in the year, with a high percentage of occupancy having been achieved in the eleven Almshouses available. ## **Statement of Trustees' responsibilities** Housing Association and Charity legislation require Trustees to prepare Financial Statements for each financial year, which give a true and fair view of the state of affairs of the Charity as at the end of the financial year and of the surplus or deficit for that period. In preparing the Financial Statements, suitable accounting policies have been adopted and consistently applied, to the best of the Trustees' knowledge and belief, by reference to reasonable and prudent judgements and estimates. Applicable accounting standards have been followed. The Trustees are responsible for maintaining adequate accounting records, for safeguarding the assets of the Charity and for preventing and detecting fraud and other irregularities. The Trustees are also required to indicate whether the Financial Statements are prepared other than on the basis that the Charity is a going concern. ## **THE ALMSHOUSE CHARITY OF SIR JOHN OFFLEY** Page 3 **REPORT OF THE TRUSTEES (CONT.) FOR THE YEAR ENDED 31[st] DECEMBER 2025** ## **Risk management** The Trustees acknowledge their responsibility for risk management. The major risks to which the Charity is exposed, as identified by the Trustees, have been reviewed and systems established to mitigate those risks. ## **Designated Reserves** Funds are maintained for the maintenance and improvement of the Charity's property as authorised by Charity Commissioners' Orders dated 1[st] December 1976; namely the Cyclical Maintenance Fund, and the Extraordinary Repair Fund. ## **Trustees** The Trustees who served during the year were:- Mr. S. Clifford Mr T. Downs Mrs. J. Lewis Mrs. S. Eaton Rev. T. Watson Cllr. J.P. Whitmore The Scheme provides for the following Trustee appointments:- One Ex-officio Trustee, being the Vicar for the time being of the Ecclesiastical Parish Of All Saints, Madeley. One Nominative Trustee, appointed by Newcastle-under-Lyme Borough Council, serving for a term of four years. Four Co-optative Trustees, being persons residing or carrying on business in or near Madeley, and serving for terms of five years. ## **THE ALMSHOUSE CHARITY OF SIR JOHN OFFLEY** Page 4 ## **REPORT OF THE TRUSTEES (CONT) FOR THE YEAR ENDED 31[st] DECEMBER 2025** **Clerk to the Trustees** J J Sheridan Birchfield London Road Woore Crewe Cheshire CW3 9SQ **Bankers** The Co-operative Bank plc P.O. Box 250 Skelmersdale WN8 6WT. **Independent Examiner** David Birkin FCA David Birkin & Co. 155 High Street Wolstanton Newcastle Staffs. ST5 0EJ ## **Approval** This report was approved by the Trustees and signed on their behalf by …… …………………….. …………………………. ## **Date : 2[nd] March 2026** Page 5 ## **THRE ALMSHOUSE CHARITY OF SIR JOHN OFFLEY** ## **INDEPENDENT ACCOUNTANTS REPORT** I report to the trustees on my examination of the accounts of the charity for the year ended 31[st] December 2025 which are set out on pages 6 & 7. ## **Respective responsibilities of Trustees and Examiner** As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Charity’s accounts carried out 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 145(5)(b) of the Act ## **Independent Examiner’s Statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: - accounting records were not kept in accordance with section 130 of the Act or - the accounts do not accord with the accounting records 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 a proper understanding of the accounts to be reached. David Birkin FCA David Birkin & Co. 155 High Street Wolstanton Newcastle Staffs. ST5 0EJ David Birkin F.C.A ## **Date :** ## **THE ALMSHOUSE CHARITY OF SIR JOHN OFFLEY Page 6** ## **RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31[st] DECEMBER 2025** |||**2025**||**2024**|**2024**|| |---|---|---|---|---|---|---| ||**£**||**£**
|**£**
||**£**| |**Receipts**||||||| |Residents’ Maintenance Contribution 61941||||51163||| |51,163||||||| |Bank Deposit Account Interest|293|||989||| |-||||||| |-||||||| |Almshouse Association Loan -||||50,000||-| |NAACIF Investment Income 3724||||2735||| |||65958|||104887|| |**Payments**||||||| |Council Tax 2||||405|-|| |Legal Fees and Stamp Duty -||||1,201||| |Insurance 1768||||1,915||| |Subscriptions 538||
||432||| |Clerk’s Salary & Expenses 9839||||9380||| |Independent Examiner’s Fees 462||||426||| |Laundry Electricity 666||||729||| |Routine Maintenance Expenditure 2752||||4755||| |Cyclical Maintenance Expenditure 8726||||3980||| |Extraordinary Repairs 4765||||-||| |Loan Arrangement Fee 250||||-||| |Printing, Postage and Stationery -||||111||| |Sundry Expenses 250||||54||| |Bank Charges 120||||145||| |Purchase of Freehold Property -||||204,602||| |||30138||
||228135| |||35820||||(123248)| |**Less/Add:**NAACIF Income Re-invested||3355||||2384| |**Excess of Income/( Expenditure/Income)for Year**||£ 32465|||**(**|**£125632)**| ## **Approved by the trustees on 2[nd] March 2026** **……… …………………………….S.N. Clifford** **…………………………… .Councillor Jill Whitmore** ## **THE ALMSHOUSE CHARITY OF SIR JOHN OFFLEY Page 7 STATEMENT OF ASSETS AND LIABILITIES AT 31[ST] DECEMBER 2025** ||**At Re Valuation**
**and Cost to 31/12/2024**
**£**
**Fixed Assets**
**Freehold Properties:-**
2/3 – 10/11 Station Road 960,000
1, Greyhound Cottage 150,000
Pool View Cottage 125,000
2, Greyhound Cottage 204,602

1,439,602
**Investment Assets**
N.A.A.C.I.F. Units at 1stJanuary 2025
41322,
Add : Accumulated Income Re-invested 3355
Further Investments during year 35000 38355

The market value of the investments
at 31stDecember 2025 was £120,119 (2024 £70,748)
**Cash Funds**
Co-operative Bank

**Net Assets at 31st December 2025**
**£**|**Total**
**£**
960,000
150,000
125,000
204,602
-
1,439,602
**79677**
14735
1,534,014| |---|---|---| Page 8 ## **THE ALMSHOUSE CHARITY OF SIR JOHN OFFLEY STATEMENT OF ASSETS AN** D **LIABILITIE** S **AT 31[st] DECEMBER 2025 – CONTINUED** ## **- Total Assets represented by:** |**Reserves**
**Cyclical Extra**
**Ordinary**
**Balance at 1st January 2025**67,337 70,392

Transfers to Reserves 8,250 8,250
Expenditure( 8726) (4765)
**Balance at 31st December 2025** £ 66,861 £ 73877
**Property Revaluation Reserves**
The Freehold properties were revalued at 31stMarch 2022
**General Accumulated Fund**
Balance at 1stJanuary 2025
317,983
Adjustments re Capital Transactions:
Investment Income Re-invested
3,355
Adjustment to Reserves (Net)
(3,009)
Excess of Income over Expenditure for year 32,465

**Almshouse Association Loan**
Balance at 1stJanuary 2025 50,000
Repaid during year. (5000)
Balance outstanding at 31stDecember 2025

**£**|**Cyclical**

67,337
8,250
( 8726)|**Extra**
**Ordinary**
70,392
8,250
(4765)|**Total **
137,729
16,500
(13491)
140,738
997,482
350,794
45,000
1,534,014| |---|---|---|---|