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
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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 examinatior7*I*
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