The Mal
as Almshouses
Charity Registration Number 504944
Trustees, Annual Report for the period
l January 2023 to 31 December 2023
Ob'ectives and Activities
Under a Charity Commissioners, Scheme of 12 April 20(M), 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 untts in Malpa5.
The Objectives of the Charity are:
The provision of housing accommodation for beneficiaries 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 by the Charlty Commissioft on public
benefit and The Malpas Almshouses a￿ members ofThe Almshouse A550ciation.
Achlevements and Performance
The Charity's five modef nised properties remained fully occupied throughout the year.
Contribution5 from Beneftciaries (tenants of the properties) are used to cover the 8eneral
maintenance costs of the propertie5 and the running costs of the charity* With the surplus
invested in the General Redevelopment Fund to cover future property repairs. The Financial
Review below gives further information.
The Trustees believe that the provision of the well-matntained affordable housing in Malpas,
within the term5 of The Malpas Almshouses Trust Deed, 15 Qf great value to its beneficiaries.
Financial Review
Income
The Charity's five modernised properties {1, 3 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 effert from I"June 2022. At this time the
Contributions frorn Beneficiaries (￿nt) was increased by 7.073%.
This year the rent was increased in August 2023, by 2.46% in Wigfield Terrace and 6.8% in
Cholmondeley TerTace, making the monthly Contribution £499 and £469 respectively. As a
result of all five properties being fully occupied in the year and the rent increase, the totsi
income from Beneficiaries in the year increased to £28,548, which 15 £3,525 higher than the
previous year.

Expenses
Totsl operating expenses were £14,533, which is £1,379 lower than the previous year.
The most significant expense is Maintenance costs at £7,386, which includes £4,767 for new
boilers in both Cholmondeley Terrace properties, £1,669 on general repairslmaintenance and
£950 on garden maintenance.
maintenan￿ costs were higher in 2022 at £11,067 caused by an extensive refurbishment of the
Wigfield Terrace Chimneys costing £7,180.
There were no costs for utilities or council tax thi5 year due to all properties being fully
occupied.
There is no Subscription fee for the Almshouse Association this year as it was paid (£173) at the
end of 2022 and acwunted for in that year.
The Clerk's Honorarium has InC￿aSed this year to £720 per quarter from £650. In addition,
£1,000 was paid in recognition for the additional work required during the redevelopment of
1&2 Wigfield Terrace, making the total expense for the year £3,880, higher than 2022 by
£1,280.
Professional fee5 of £1,872 relate to the Quinquennial Inspection Reports for all five properties
prepared by Bower Edle5ton in August 2023.
The net surplus from property rental was £14,255 in 2023, which ts £5.058 higher than last
year.
Redevelopment of 1&2 Wlgfield Terrace
During 2022 the redevelopment of 1&2 Wi8field Terrace was completed, however, sorne
further improvements to the roof were carried out in 2023 costin8 £5,205. The Wigfield
Redevelopment Fund was £0 at the end of 2022. As there were sufficient funds in the P&L
Reserve these costs have been covered by th+s account rather than making a transfer from the
Property Repair fund held in the Skipton Building Society Account.
The total cost of the redevelopment is now £83,809, plus associated professional fees of
£6,120, a total of £89,929.
Reserves
The Property Repair Fund (held in the Skipton Building Society) earned Interest of £240 in the
year. There were suffic7ent reserves in the P&L fund to cover the roof repairs and boiler
replacements and so no money was required to be transferred from the Property Repair Fund
in 2023.
The General Redevelopment Fund has a balance of £97,233 at year end held in M&G
Investment Units. The increase in the year of £17,496 comprises twelve monthly £l,(¥)O
transfers from the P&L Reserve and an unrealised gain in the value of the M&G units of £5.496.
The P&L Reserve (held in the Lloyds Bank) has a balance of £3,761 at year end.
The Property Insurers, Royal & Sun Alliance Insurance Ltd, revalued the propertie5 on 30 June
2023 to £981,429, an increase of £149,640 from 2022.
Total reserves at 31 December 2023 are £1,091,180, which is £164,188 higherthafi 2022.
ui
uennial Ins
ectlon
Bower Edleston inspected all five properties and prepared a report in September 2023.

The key points from their report are as follows:
Wigfield Terra￿- a few points relating to the roof, 8utterin& facia board5 etc- Trustees
to look at replacing the roof within the next 2-5 year5 due to its age (last done in 1958)
and due to partial listing, Bower Edleston asked to look at the requirements. necessary
surveys, etc. Windows to be considered for replacement andlor double glazing.
Cholmondeley Terrace- areas of damp/condensation in kitchens and bathrooms-
extractor fans to be tested and areas repainted when cause identified and remedied.
Look at the need for roof separation between the two properties.
ents
Bower Edleston Architects, Sweetbriar Hall, Nantwich, Cheshire CWS 5RW
Lloyds Bank plc, 25 Gresharn Street, London EC2V 7HN
M&G Investments Charities, PO Box 9038, Chelmsford CM99 2XF
Trustees
Emma Hlggin (nominated by PCC 2014
June Davles (co-opted 2012, nominated by PCC 20171
Guy Myddleton Ictropted June 2020) - Chairman, appointed 29 March 2022
Jenny Humes (c￿Opted September 2021)- Treasurer, appointed 29 March 2022
The Rector, Reverend Dr. Janlne Arnott, has not accepted the invitatlon to be a Trustee.
Re
istered Address
clo Mrs Alison Shackleton
Clerk to the Trustees
9 Depenbech Close
Malpas
Cheshire SY14 8QS
Declarations
The Trustees declare that they have approved the trustees, report above. and the attached
accounts.
Slgned on behalf of the charity's trustre5
Signatures
Full Names
AKJ¥&£
Posltlon
(Secretary. Chair, etc)
Date
Ilk, u 8 14-.........

THE MALPAS ALMSHOUSES
CHARrrY NUMBER 504944
RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
2023
2022
Contributions from BÈneficlarles
Interest Earned
Other Income
Tot31 Incorne
28,548.0)
240.47
25,023.00
86.01
28,788.47
25.109,01
Expenses
Clerk's Honorarium
Clerk's Expenses
Council Tax
Insurance
Malntenance
utiiitles
Professlonal Fees (Qulnquennlal Report)
Subscriptions (The Almshouse Association}
Sundries
IT
Accourtancy Fee
3,880.LM)
2,600.00
75.41
277.65
1,281.77
11,066.67
271.37
1.389.16
7,386.10
0.00
1.872.IXI
339.00
0.00
14,533.26
15.911.87
Surplus from Property Rental
14,255.21
9.197.14
Other Costs
Redevelopment Fund Cosls
Wigfield 112 Redevelcpment
Professional Fees
5,205.40
29,024.10
2,482.90
M&G Investments
Loss on Sale
Unrealised IGaln)/Loss
Total Other Costs
-5,496.18
-290.78
-710.15
30,796.85
P4et Transfer to P&L Reseffts
14,545.99
-21.599.71
P&L 23

THE MALPAS ALMSHOUSES
CHARITY PIUMBER 504
BALANCE SHEEf 31 December 2023
2023
2022
Flxed Assets
1 & 2 Wigfield Terrace
3 Wigfield Terrace
5 Wigfield Terrace
1-2 Cholmondeley Terrace
Total Flxed A55ets
As per
insurance
schedule
2023
189,156.00
189,156.00
189.156.00
413.961.00
981,429.00
160,315.00
160.315.00
160,315.00
350.844.00
831,789.00
Current Assets
Bank Account (Uoyd5 Current)
M&G Fund (867.514 @ 11,208.26p)
Skipton Building Society
Total Current Assets
3,761.13
97,233.22
8,757.17
109,751.52
6,951.79
79,737,04
8.516.70
95.205.53
Current Llabllltie5
Accountancy Fee
Total Current Uabllltles
Totsl Net Current Assets
109,751.52
95,205.53
Total Met Assets
1,091,180.52
926,994.53
Wlgneld Redevelopment Fund
Lloyds Bank
Skipton Building Society
0.00
Property Repalr Fund I￿ptOn BS)
Redevelopment Fund (M&G)
General P&L Reserve (Uoyds)
8,757.17
97,233.22
3,761.13
109,751.52
8,516.70
79.737.04
6,951.79
95,205.53
981,429.LKI
831,789.00
Totsl Reserves
1.091.180.52
926,994.53
Bal 5t 23

ThE MALP￿ ALMSHOUSES
OIARiff NUMBEIt 51M944
MOVEMENT IN RESERVES to 31.12.23
Wigfield
Redev
Property General Genral
Repalr
RedÈv
P&L
Propffty
Totsl
Value
8/F
31-(lets22
,516.70 79,737.01
6,951.79 &11.789.Ixi
926.994.53
ProPitllLoss) for the year
Galn on Value of M&G UnFt5
Building Costs
Transfers from Current A/C
Transfers from Skipton Alc
Interest
I￿¢￿aSe In Insurance Valuatlon
Movem*)t in theyear 15205AO)
Transfer back to P&L Res
Bulldln8 Costs
Value
CIF
14,545.99
5.496.18 (5.496.18)
5,205,40
12,ofA).rJ) I12,000.(￿l
0.00
1240.47)
15,205.401
240.47
149,640.
240A7 17A96.18 1014.74 149.640.00
5.205.40
15.205AOI
31.Dec-23
8 757.17 97.233.22
3.761.13 981,429.IX•
1,091,180.52
Attount where reserves slt
Skipton
M&6
Lloyds
Re523

CHARITY COMMISSION
FOR ENGLAND AND WALES
Independent examiner's
report on the accounts
••*
Section A
Independent Examiner's Report
Report lo the trusteesl
members of
The Malpas Almshouses
On accounts for the year
endad
Charlty no
(if any)
31 December 2023
504944
Set out on pages
I report to the trustees on my examination of the accounts of the above
charity ("the Trust ) for the year ended 3111212023
Rosponslbllities and As the charity trustees of the Trust. you are responsible for the preparation
basis of report of the accounts in accordance with the requirements of the Charities Act
2011 ("the Act.).
I report in respect of my examination of the Trust's accounts carried oul
under section 145 of the 2011 Act and in carrying out rny examination, I
have followed the applicable Directlons given by the Charity Commission
under 8ection 145(5)(b) of the Act.
I have completed my examination. I confirm that no material matters have
com8 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 accordan￿ 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 Ihe examination to which attention should be drawn in order to enable a
proper understanding of the accounts to be reached.
Independent
examinerfs statement
Signed:
Date:
Name:
Helena Johnson
Relevant professional
qualiflcatlon(s) or body
(if any):
ACA (1992-2024)
Address:
The Cape, Church Road, Tilston, Malpas, SY14 7HB
Section B
Disclosure
Only complete if the examiner needs to highlight matters of concem (see CC32,
Irbdependent examination of charity accounts: directions and guidance for
examiners).
IER
October 2018