Re istered Address clo Mrs Alison Shackleton Clerk to the Trustees 9 Depenbech Close Malpas Cheshire SY14 8QS Declardtions The Trustees declare that they have approved the trustees, report above. and the attached accounts. Sl8ned on behalf of the charitys trustees Signatures Full Narnes Position (Secretary. Chalr, etc) Date a023
Expenses Total expenses were £15,911.87, which 15 £5.701.06 higher than the previous year. This was due to the significant increase in the Maintenance costs caused by an extensive refurbishment of the Wigfield Terrace Chimneys costing £7.180. There was, however, a saving of £2,102.69 in Council Tax due to I Wigfield Terrace being occupied from June. The net surplus from property rentsl was £9,197.14 in 2022. which is £2.102.11 less than last year. Redevelopmerrt of 1&3 Wl8field Terrace During the year £29.024.10 was incurred. plus professional fees of £2,482.90 on the redevelopment of 1&3 Wi8field Terrace. The total costs of the redevelopment over the period June 2021 to its completion in April 2022 amount to £78,603.38 and total professional fees connerted to the projett were £6,120.10. These costs were £5,130.20 higher than had been originally budgeted and were funded by a transfer from the General Property Repair Fund. The Wigfield Redevelopment Fund is £0 at the end of 2022. Reserves The Property Repair Fund {held in the Skipton Building Society) earned interest of £86.01 in the vear. In addition to transferring £5,130.20 to the WigField Redevelopment Fund (referred to above). £8,169.80 was transferred to the P&L Reserve to cover the higher maintenance costs (including the chimney repairs). The General Redevelopment Fund has a balance of £79.737.04 at year end held in M&G Investment Units. The increase in the year of £12,710.15 comprises twelve monthly £1,000 transfers from the P&L Reserve and an unrealised gain in the value of the M&G units of £710.15. The P&L Reserve (held in the Uoyds Bank) has a balance of £6.951.79 at year end. The Property Insurers, Royal & Sun Alliance Insurance Ltd, revalued the properties on 30 June 2022 to £831,789, an increase of £92.604 from 2021. ents Bower Edleston Architerts. Sweetbriar Hall, Nantwich, Cheshire CW5 5RW Lloyds Bank plc, 25 Gresham Street. London EC2V 7HN Trustees Emma Higgin (nominated by PCC 2014 June Davies (co-opted 2012, nominated by PCC 2017) Anthony O'connell (co-opted 2011) resigned 29 March 2022 Guy Myddleton (co-opted June 20201- Chairman. appointed 29 March 2022 Jenny Humes (co-opted September 20211-Treasurer. appointed 29 March 2022
The Mal as Almshouses Charity Re8i5tration Number 504944 Trustees, Annual Report for the period l January 2022 to 31 December 2022 Ob'ectives and Artivities Under a Charity Commissioners. Scheme of 12 April 2000, the Wigfield and Cholmondeley Almshouses were amalgamated and are now known as The Malpas Almshouses. which is governed by a Trust Deed. This currently comprises five accommodation units in Malpas. The Objettives of the Charity are: The provision of housing accommodation for beneficiarie5 who are aged 60 and over and who have been residing in Malpas and the surrounding area for a period of two years or more. Such charitable purposes for the benefit of the residents as the Trustees decide. The Trustees have had due regard to the guidance issued bythe Charity Commission on public benefit. Achievements and Performance The Chariws four modernised properties remained fully occupied throughout the year. During 2021 work was started to merge the two remaining properties to form a single modernised property that Wa5 completed in April 2022 and occupied from June 2022. Contributions from Beneficiarie5 (tenants of the properties) are used to cover the general maintenance costs of the properties and the running costs of the charity, with the surplus invested in the General Redevelopment Fund to cover fvture property repairs. The Financial Review below gives further information. The Trustees believe that the provision of the well-maintained affordable housing in Malpas, within the terms of The Malpas AlmshousesTrust Deed, is of great value to its beneficiaries. Flnancial Review Income The Charitvs four modemised properties13 and 5 Wigfield Terrace, and l and 2 Cholmondeley Terrace) continued to be fully occupied throughout the year. The redevelopment to combine 1&2 Wigfield Terrace started in June 2021 and was completed in April 2022. A new tenant moved in with effect from 1st June 2022. At this time the Contributions from Beneficiaries Irentl was increased by 7.073%. As a result of the newtenant and the rent increase. the total income from Beneficiaries in the year increased to £25,023. which is £4.263 higher than the previous year.
THE MALPAS ALMSHOUSES CHARITY NUMBER 504944 MOVEMENT IN RESERVES to 31.12.22
| Wigfield Property General Genral Property Redev Repair Redev P&L £ £ £ £ £ Value B/F 31-Dec-21 26,376.80 21,730.69 67,026.89 1,670.86 739,185.00 Profit/(Loss) for the year (21,599.71) Gain on Value of M&G Units 710.15 (710.15) Professional Fees (2,482.90) 2,482.90 Building Costs (29,024.10) 29,024.10 Transfers from Current A/C 12,000.00 (12,000.00) Transfers from Skipton A/C 5,130.20 (13,300.00) 8,169.80 Interest 86.01 (86.01) Increase in Insurance Valuation 92,604.00 Movement in the year (26,376.80) (13,213.99) 12,710.15 5,280.93 92,604.00 Value C/F 31-Dec-22 0.00 8,516.70 79,737.04 6,951.79 831,789.00 Account where reserves sit Skipton M&G Lloyds |
Wigfield Property General Genral Property Redev Repair Redev P&L £ £ £ £ £ 26,376.80 21,730.69 67,026.89 1,670.86 739,185.00 (21,599.71) 710.15 (710.15) (2,482.90) 2,482.90 (29,024.10) 29,024.10 12,000.00 (12,000.00) 5,130.20 (13,300.00) 8,169.80 86.01 (86.01) 92,604.00 |
Total Reserves £ 855,990.24 (21,599.71) 0.00 0.00 0.00 0.00 0.00 0.00 92,604.00 |
|---|---|---|
| 71,004.29 | ||
| 0.00 8,516.70 79,737.04 **6,951.79 831,789.00 ** |
926,994.53 | |
| Skipton M&G Lloyds |
Res 22
(rf any): Address: SI LE FklLL EFLfAft £ ILLE I tFEgi4 ILE SNI4 gfvv Section B Disclosure Only complete rf the examiner needs to highlight material matters of concern {see CC32, Independent examination of charrty acGounts= directions and guidance for examiners). Give here brief details of any items that the examinerwishes to disclose. IER Oct 2018
(HARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Section A Independent Examiner's Report Report to the trustees I MALP A£ ALMS rtOLig On accounts for the year ended 31 2012 Charity no lif any) Set out on pages I report to the trustees on my examination of the accounts of the above charity ("the Trust-l for the year ended Responsibilities and basis of report As the charitys trustees, you are responsible for the preparation of the accounts in accordance wilh Ihe requirements of the Charities Act 2011 (Ihe Act"). I report in respect of my examinalion of the Trust's accounts carried OLrt under section 145 of the 2011 Act and in carying out my examination, I have followed all the applicable Directions given by the Charity Commission under seclion 14515)(b) of the Act. Independent examiner's statement I have completed my examination. I confimi that no malerial matters have come lo my attention in connection wtih the examinatior7I which gtves me cause to believe that in, any material respect: the accounting records were not kept in accordan with section 130 of the Charities Act,. or the accounts did not accord wtth the accounting records: or the accounts did not comply with the applicable requirements conceming the fom and content of accounls set out in the Charities {Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fair, view which is not a matter considered as part of an independènt examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Please delete the words in the bTrckets if they do not apply. Signed: Date: Name: Relevant professional qualification(s) or body FCA IER Oct 2018