# THE MILNTHORP HOMES ## ANNUAL REPORT ## FOR THE YEAR ENDING 31 DECEMBER 2021 ## The Milnthorp Homes Registered Charity No. 214051 Correspondence address: C/O Wright Marshall Ltd 8 The Quadrant Buxton Derbyshire SK17 6AW Tel: 01298 23038 Almshouses address: The Milnthorp Homes 28 — 40 Macclesfield Road Buxton Derbyshire SK17 9AQ Almshouse Association Member No. 608 ## The Charity’s Trust The trust was established in 1904 by Joseph Milnthorp for the purposes of providing homes for persons in need, having “no regard to the religious or political opinions of the applicants who must be unable to maintain themselves in comfort by their own means or exertions”. Twelve homes were built at Macclesfield Road, Buxton, and these continue to remain available for occupation today, originally four being for married couples and four for single men and four for women. The balance of occupancy now varies. ## Trustees The serving trustees for the year were: ## Helen Marchant Ruth Hayter Fiona Heathcote The trustees make up three of the five Governors of the Homes, the fourth being ex-officio the Mayor of the Borough of High Peak and the fifth being Mrs L Crowe, a local solicitor. ## Review of 2021 At the end of the year 10 of the Homes were occupied and accommodated 11 residents. Inspections of the homes we able to go ahead this year and were carried out by Helen Marchant, Fiona Wylie and Abby Calladine Homes no. 2 & 4 are vacant and work is in progress ready for re-letting this year. Signed foroo WrightOIEMfarshall Ltd asses Managing Agents Date B38} 202 2eccccccensceeneee ## THE MILNTHORP HOMES ## ACCOUNTS for the year ended 31st December 2021 ' Charity no. 214051 ## BullockWoodburn Limited . Chartered Certified Accountants " Independent Examiner's Report to the Trustees of The Milnthorp Homes ; We report on the accounts of the Charity for the year ended 31st December 2021 which are set out on pages 3 to 7, RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND INDEPENDENT EXAMINER isTheexamination not requiredcharity'sre istrust needed.for this year dunder{ ibleseconfor th Per eehei Chateesth Act unis.2011 dasThespsscharity's trustees and thatconsider an independent that an audit It is my responsibility to: , examine the accounts (under section 145 of the 2011 Act); . toCommissionfollow th (underedures sectionlaid 145¢o(a)downin ofthe sheGBOTTAaDirectionsops Bivengiven byby thethe ChariCharity . to state whether particular matters have come to my attention. BASIS OF INDEPENDENT EXAMINER'S STATEMENT extonisatien:p pahidesa review ofthe acroumtng fenorae Rept by fue chat Stud & Conperison Of the abcounes An t OS¢ recor . It also inc considerat on Of ay unusual items 0 0 g accounts d thePrune accountscapcuatians present a raemul andb **e** yequiredfair viewsiy ataudE,aiid CosesqueMysq y Tao he proveduesP UndiaPmonnot provide ## INDEPENDENT EXAMINER'S STATEMENT In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that in any material respect the trustees have not met the requirements to ensure that: - proper accounting records are kept (in accordance with sections 130 of the Act); and - * Becountsare pigpared which agree with the accounting records and comply with the accounting (2)toywhich, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to Ratlock Woodburn Limited Be ‘ ce Maare North : barteredh Geld Accomeans & Date Page: 3 ## THE MILNTHORP HOMES ## INCOME ACCOUNT |||INCOME ACCOUNTACCOUNT|INCOME ACCOUNTACCOUNT||||| |---|---|---|---|---|---|---|---| |||Fortheyearended 31stDecember2021
nn|||||re| |||||||Thisyear|Lastyear| ||||||£|£|£
£| |||Income:|||||| |||Rentsreceivable||||68,037
68,686|| |||SundryIncome||(Note 1)|||-
-| |||NationalAssociationofAlmshouses|||||738
804| |||RoyalBankofScotlandinterest|||||-
2| |||||||"68,795,
"69,492.|| |'||ProfitonsaleM&GInvestmentsincome shares|||||-
-| |||||||68,795
69,492|| |||||||||| |||Expenditure:|||||| |||Ratesandinsurance|,|{Note2)|4,550||4,050| ||_|Lightingandheating||(Note3}|14,425||25,134| |||Repairsandmaintenance||ote4}|24,018||5,601| |||Wardencall service||(Note5)|2,876||5,008| |||Telephoneandadvertising||(Note6)|642||870| |||Accountancy,Legalandprofessionalfees||(Note7)|696||954| |||Miscellaneousexpenses||{Note8)|7,844||7,997| |||Depreciation||(Note9)|5,135||5,405| |||||||60,186
55,019|| |||EXCESSOFINCOMEOVEREXPENDITURE||||"8,609"
14,473—
ey|| . . Page 4 ## THE MILNTHORP HOMES ## BALANCE SHEET ## As at year ended 31st December 2021 **----- Start of picture text -----**
||||||| |---|---|---|---|---|---| |anre| |This year|Last year| |£|£|£|£| |FIXED ASSETS|(Note 9)| |Freehold land and buildings|73,559|73,559| |Fixtures and equipment|97,555|102,691| |171,114|176,250| |INVESTMENTS| |National Association ofAlmshouses:|(Note|10)| |17,876 (17,876) Income units at cost|4,871|4,871| |5,093|(5,093) Income units at cost|3,803|3,803| |640 (436) Accumulation shares at cost|36,241|28,241| |44,915|36,915| |CURRENT ASSETS| |Rents in arrears|891|3,548| |Royal Bank of|Scotiand deposit account|3,797|3,039| |Wright Marshall Limited|33,808|26,164| |38,496|32,751| |CURRENT LIABILITIES|-|254,525|"|245,915| |NET ASSETS|254,525|245,915| |——_|_S=—_—_| |GENERAL FUND|8,095|8,095| |CYCLICAL MAINTENANCE FUND|85|85| |BENEFACTORS:| |Mrs.|Wilson|210|210| |Miss|S.A.|Black|150|150| |Mr.|J.T. Kirk|25|25| |Mrs, M.A,|Skelmerdine|5|5| |Mrs. N. Millward|8|8| |MissMr.|A.|Pilkington|;|100|100| |Wheeldon|198|198| |696|696| |INCOME ACCOUNT|8,876|8,876| |Beginning ofyear|237,039|222,566| |Excess of|income over expenditure|8,610|14,473| |End ofyear|245,649|237,039| |254,525|245,915| |a|"|Seat| |Thereby agree the income and expenditure account, balance sheet and notes|to the accounts|as set out on| |pages|3|to|7 on behalf|of|the trustees.| **----- End of picture text -----**
Mrs H Marchant Trustee Date |+)3/22. : ## THE MILNTHORP HOMES NOTES TO THE ACCOUNTS | for the year ended 31st December 2021 Charity no. 214051 . Page 6 * THE MILNTHORP HOMES . ## NOTES TO THE ACCOUNTS For the year ended 31st December 2021 reece ## ee ||||Thisyear|Lastyear| |---|---|---|---|---| ||||£|£| ||J,
SUNDRYINCOME|||| ||Miscellaneous Receipt||-|-| ||||anee|ee| ||2. RATESANDINSURANCE|||| ||Waterrates
Propertyinsurance
Counciltax||2,284
1,526
703|2,117
1,619
-| ||TVLicence||38|38| |||.|A551|3,774| ||||SSS|ee| ||3. LIGHTING
ANDHEATING|||| ||Gas
Electricity/electricalwork||12,945
1,480|21,215
1,338| ||||14,425|22,553| ||||—————aSsSa.)_OC|EE| ||4. REPAIRSANDMAINTENANCE|||| ||Propertyrepairs
Gardening
Plumbingandcentralheating reprirs
Fireextinguishermaintenance
Gassafetyinspectionandservice contract||5,865
1,470
15,942
83
658|3,415
1,358
1,582
248
950| |;||||| ||||24,018|7,553| ||||——|| ||§. WARDENCALLSERVICE|||| ||HighPeakBoroughCouncilalarmsystem
Newwardencallstystem
TunstallTelecomalarmrental||2,157
-
719|2,741
10,515
-| ||||2,876|13,256| ||||—|Oe| ||6. TELEPHONEANDADVERTISING|||| ||Telephonecharges
Advertising||642
-|713
-| ||||642|713| Page 7 ’ ## THE MILNTHORP HOMES ## NOTES TO THE ACCOUNTS continued For the year ended 31st December 2021 ## rr **----- Start of picture text -----**
||||| |---|---|---|---| |This year|Last year| |7.|PROFESSIONAL FEES|—|fo| |Accountancy fees|696|642| |Legal fees|:|=| |696|642| |SSS|OSI| |8|MISCELLANEOUS EXPENSES| |Rent collection|7,624|6,894| |Gifts to residents|220|275| |National Association of|Almshouses subscription|-|-| |7,844|7,169| |EE|eee| |9,|FIXED ASSETS|Freehold|Fixtures| |land|and|and| |buildings|Equipment| |£|£| |Net book value at beginning ofyear|73,559|102,690| |Additions|-|-| |Depreciation|73,559|102,690| |for year|-|5,135| |Netbook value at end ofyear|73,559|97,555| **----- End of picture text -----**
## 10. NATIONAL ASSOCIATION OF ALMSHOUSES INVESTMENTS **----- Start of picture text -----**
||||| |---|---|---|---| |Units|Cost|Valuation| |at| |34/12/2021| |£|£| |Income units|17,876|4,871|16,294| |Income units - extraordinary repair fund|5,093|3,803|4,642| |Accumulation shares|640|36,241|66,989| |°|23,609|44,915|87,925| |SS|OS| |Accumulation shares|brought forward|554|28,241| |Purchased|86|8,000| |carried forward|—640|36,241| **----- End of picture text -----**
## Independent Examiner's Report to the Trustees of The Mimthorp Homes We report on the accounts of the Charity for the year ended 31st December 2021 which are set out on pages 3 to 7. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND INDEPENDENT EXAMINER Theis charity's trustees are responsible for thePreparation of the accounts. The charity's trustees consider that an audit examination not requiredis forneeded. this year dunder section 144 ofthe Charities Act 2011 (the 2011 Act), and that an independent It is my responsibility to: . examine the accounts (under section 145 of the 2011 Act); ° toCommissionfollow the funderprocedures sectionlaid145(5(b) down in of thethe General 2011 Act);Directions and given by the Charity ° to state whether particular matters have come to my attention. BASIS OF INDEPENDENT EXAMINER'S STATEMENT sas . tj 4 ith th | Directi : hari ‘ssion, SR prerekingexpente wita anationsRLMthose recorENSom. yous. asIt alsoSSRI trustees includes concerning cohsiderationPSany sucLEFe hyalters.RS unusuia €itemsproceduresa orpsdis unosures16 inen § accountsdo not provande theall accountsthe evidencepresentat would’bea ‘true andfeguirefair view.In an audit, onsequently I do not express an audit opinion on whether ## INDEPENDENT EXAMINER'S STATEMENT In connection with my examination, no matter has come to my attention: (1) which gives me reasonable cause to believe that in any material respect the trustees have not met the requirements to ensure that: * proper accounting records are kept (in accordance with sections 130 of the Act); and - accounts are prepared which agree with the accounting records and comply with the accounting - (2) toé reached. which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to Bullock Woodburn Limited fjorfolisardwick FiguseSquare North BUXTON SK17Derbys6PUire Charteredegistered CertifiedAuditors Accountants & Date 28/4 | Bore