The Malpas Almshouses
Charity Registration Number 504944
Trustees’ Annual Report for the period 1 January 2024 to 31 December 2024
Objectives and Activities
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 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 Charity Commission on public benefit and The Malpas Almshouses are members of The Almshouse Association.
Achievements and Performance
The Charity’s five modernised properties remained fully occupied throughout the year.
Contributions from Beneficiaries (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 future 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 Almshouses Trust Deed, is of great value to its beneficiaries.
Financial Review
Income
The Charity’s five modernised properties (1, 3 and 5 Wigfield Terrace, and 1 and 2 Cholmondeley Terrace) continued to be fully occupied throughout the year.
This year the rent was increased in August 2024, by 3.2% (2023 2.46%) in Wigfield Terrace and 6.6% (2023 6.8%) in Cholmondeley Terrace, making the monthly Contribution £515 (from £499) and £500 (from £469 respectively. As a result of all five properties being fully occupied in the year and the rent increase, the total income from Beneficiaries in the year increased to £29,745 which is £1,197 higher than the previous year.
Expenses
Total operating expenses were £9,102.68, which is £5,430.58 lower than the previous year.
The most significant expense is Property Maintenance at £3,464.84. The previous year figure was higher at £6,436, however that included £4,767 for new boilers in both Cholmondeley Terrace properties. In 2024 several minor repairs and improvements were carried out that were recommended in the 2023 Quinquennial Report. In addition, a wooden fence at a cost of £1,080 was erected across the entrance to Wigfield Terrace to deter children and dogs roaming free in the garden. The Garden Maintenance cost of £770 is similar to last year.
There were no costs for utilities or council tax this year due to all properties being fully occupied.
The Subscription fee for the Almshouse Association this year is £287. None is shown in the 2023 accounts as it was paid (£173) at the end of 2022 and accounted for in that year.
The Clerk’s Honorarium was not increased this year and remained at £720 per quarter. In 2023 an additional £1,000 was paid in recognition for the extra work required during the redevelopment of 1&2 Wigfield Terrace, making the total expense for that year £3,880.
Professional fees of £500 relate to a Bat Survey at Wigfield Terrace as part of the review to replace the roof. In 2023 the fees were £1,872 that relate to the Quinquennial Inspection Reports for all five properties prepared by Bower Edleston in August 2023.
The net surplus from property rental was £20,941 in 2024, which is £6,686 higher than last year.
Redevelopment of 1&2 Wigfield Terrace
During 2022 the redevelopment of 1&2 Wigfield Terrace was completed, however, some further improvements to the roof were carried out in 2023 costing £5,205. There were no further costs associated with the redevelopment in 2024.
Reserves
The Property Repair Fund (held in the Skipton Building Society) earned interest of £298 in the year. There were sufficient reserves in the P&L fund to cover the property maintenance recommended in the Quinquennial Report roof repairs and so no money was required to be transferred from the Property Repair Fund in 2024.
The General Redevelopment Fund has a balance of £117,439 at year end held in M&G Investment Units. The increase in the year of £20,205 comprises twelve monthly £1,000 transfers from the P&L Reserve and an unrealised gain in the value of the M&G units of £8,305.
The P&L Reserve (held in the Lloyds Bank) has a balance of £12,403 at year end.
The Property Insurers, Royal & Sun Alliance Insurance Ltd, revalued the properties on 30 June 2024 to £1,001,061, an increase of £19,632 from 2023.
Total reserves at 31 December 2024 are £1,139,959 which is £48,778 higher than 2023.
Up-date on Quinquennial Inspection
Bower Edleston inspected all five properties and prepared a report in September 2023. The key points from their report are as follows:
Wigfield Terrace
-
Minor repairs to roof, guttering, facia boards etc were addressed in 2024.
-
Trustees to look at replacing the roof within the next 2-5 years due to its age (last done in 1958) and due to partial listing, Bower Edleston engaged to look at the requirements, necessary surveys, etc. A Bat Survey was undertaken in June 24 and none noted.
-
Windows to be considered for replacement and/or double glazing.
Cholmondeley Terrace
-
areas of damp/condensation in kitchens and bathrooms were investigated and kitchens treated and painted and extractor fans tested
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new damp-proofing and replastering in bathrooms will be competed early 2025
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fencing painted and some improvements made to the steps
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roof separation between the two properties continues to be investigated
Agents
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Bower Edleston Architects, Sweetbriar Hall, Nantwich, Cheshire CW5 5RW
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Lloyds Bank plc, 25 Gresham Street, London EC2V 7HN
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M&G Investments Charities, PO Box 9038, Chelmsford CM99 2XF
Trustees
Emma Higgin (nominated by PCC 2014)
June Davies (co-opted 2012, nominated by PCC 2017) – resigned 20 September 2024 Guy Myddleton (co-opted June 2020) – Chairman, appointed 29 March 2022 Jenny Humes (co-opted September 2021) – Treasurer, appointed 29 March 2022 Hugh Ockleston – appointed 2 October 2024 (nominated by PCC 2024)
The Rector, Reverend Dr. Janine Arnott, has not accepted the invitation to be a Trustee.
Registered Address
c/o 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.
Signed on behalf of the charity’s trustees
Signatures
-------------------------------- --------------------------------
Full Names
Position
(Secretary, Chair, etc)
Date
THE MALPAS ALMSHOUSES CHARITY NUMBER 504944 RECEIPTS AND PAYMENTS FOR THE YEAR ENDED 31 DECEMBER
| Income Contributions from Benefciaries Interest Earned Other Income Total Income Expenses Clerk's Honorarium Clerk's Expenses Council Tax Insurance Property Maintenance Garden Maintenance Utilities Professional Fees (Bat Survey / Quinquennial Report) Subscriptions (The Almshouse Association) Sundries IT Accountancy Fee Surplus from Property Rental Other Costs Redevelopment Fund Costs Wigfeld 1/2 Redevelopment Professional Fees M&G Investments Loss on Sale Unrealised (Gain)/Loss Total Other (Income) / Costs Net Transfer to P&L Reserves |
2024 |
|---|---|
| £ 29,745.00 298.46 0.00 |
|
| 30,043.46 2,880.00 0.00 0.00 1,100.84 3,464.84 770.00 0.00 500.00 287.00 100.00 0.00 0.00 |
|
| 9,102.68 20,940.78 0.00 0.00 0.00 (8,205.43) |
|
| (8,205.43) | |
| 29,146.21 |
05/27/2025 private:stream P&L 24
2024
2023 £ 28,548.00 240.47 0.00 28,788.47
3,880.00 6.00 0.00 1,389.16 6,436.10 950.00 0.00 1,872.00 0.00 0.00 0.00 0.00 14,533.26
14,255.21
5,205.40 0.00 0.00 (5,496.18) (290.78)
14,545.99
05/27/2025 private:stream P&L 24
THE MALPAS ALMSHOUSES CHARITY NUMBER 504944 BALANCE SHEET 31 December 2024
| 2024 | 2023 | |||
|---|---|---|---|---|
| £ | £ | |||
| Fixed Assets | ||||
| 1 & 2 Wigfeld Terrace | As per | 192,940.00 | 189,156.00 | |
| 3 Wigfeld Terrace | insurance | 192,940.00 | 189,156.00 | |
| 5 Wigfeld Terrace | schedule | 192,940.00 | 189,156.00 | |
| 1-2 Cholmondeley Terrace | 2024/23 | 422,241.00 | 413,961.00 | |
| Total Fixed Assets | 1,001,061.00 | 981,429.00 | ||
| Current Assets | ||||
| Bank Account (Lloyds Current) | 12,403.45 | 3,761.13 | ||
| M&G Fund (969.995@ 12,107.14 / 867.514 @ 11,20 | 117,438.65 | 97,233.22 | ||
| Skipton Building Society | 9,055.63 | 8,757.17 | ||
| Total Current Assets | 138,897.73 | 109,751.52 | ||
| Current Liabilities | ||||
| Accountancy Fee | 0.00 | 0.00 | ||
| Total Current Liabilities | 0.00 | 0.00 | ||
| Total Net | Current Assets | 138,897.73 | 109,751.52 | |
| Total Net | Assets | 1,139,958.73 | 1,091,180.52 | |
| Reserves | ||||
| Wigfeld Redevelopment Fund | ||||
| Lloyds Bank | 0.00 | 0.00 | ||
| Skipton Building Society | 0.00 | 0.00 | ||
| 0.00 | 0.00 | |||
| Property | Repair Fund (Skipton BS) | 9,055.63 | 8,757.17 | |
| Redevelopment Fund (M&G) | 117,438.65 | 97,233.22 | ||
| General P&L Reserve (Lloyds) | 12,403.45 | 3,761.13 | ||
| 138,897.73 | 109,751.52 | |||
| Property | Reserve | 1,001,061.00 | 981,429.00 | |
| Total Reserves | 1,139,958.73 | 1,091,180.52 |
05/27/2025 private:stream Bal St 24
THE MALPAS ALMSHOUSES CHARITY NUMBER 504944 MOVEMENT IN RESERVES to 31.12.24
| Value B/F 31-Dec-23 Proft/(Loss) for the year Gain on Value of M&G Units Building Costs Transfers from Current A/C Transfers from Skipton A/C Interest Increase in Insurance Valuation Movement in the year Transfer back to P&L Res Building Costs Value C/F 31-Dec-24 Account where reserves sit |
Wigfeld Property General Genral Property Redev Repair Redev P&L £ £ £ £ £ 0.00 8,757.17 97,233.22 3,761.13 981,429.00 29,146.21 8,205.43 (8,205.43) 0.00 0.00 12,000.00 (12,000.00) 0.00 0.00 0.00 298.46 (298.46) 19,632.00 |
Total Reserves £ 1,091,180.52 |
|---|---|---|
| 0.00 298.46 20,205.43 8,642.32 19,632.00 0.00 0.00 |
48,778.21 | |
| 0.00 9,055.63 117,438.65 12,403.45 1,001,061.00 |
1,139,958.73 | |
| Skipton M&G Lloyds |
05/27/2025 private:stream Res 24
| Malpas | Almshouses- | Lloyds Bank Transactions 1 Jan to 31 Dec 2025 | Lloyds Bank Transactions 1 Jan to 31 Dec 2025 | Lloyds Bank Transactions 1 Jan to 31 Dec 2025 | Lloyds Bank Transactions 1 Jan to 31 Dec 2025 | Lloyds Bank Transactions 1 Jan to 31 Dec 2025 | Lloyds Bank Transactions 1 Jan to 31 Dec 2025 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DATE | DESCRIPTION | RECEIPTS | EXPENSES | ||||||||||||||
| Benef | other | Rprs/Maint | Gardening | Utilities | Clerks | Ins | Subs | Prof.Fees | Sndrs/IT | Transfers M&G | Propert | Description | |||||
| 2-Jan | H Dodd | 469.00 | |||||||||||||||
| Nat Asstn AlmsH | 287.00 | ||||||||||||||||
| M Kynnersley | 499.00 | ||||||||||||||||
| R Tilston | 469.00 | ||||||||||||||||
| A Vaughan | 499.00 | ||||||||||||||||
| 4-Jan | G Tilston | 499.00 | |||||||||||||||
| 10-Jan | M & G | 1000.00 | |||||||||||||||
| 24-Jan | Total Boilers | 72.00 | 3 WT | Adjust TempUnderfoor system | |||||||||||||
| 1-Feb | H Dodd | 469.00 | |||||||||||||||
| A Vaughan | 499.00 | ||||||||||||||||
| R Tilston | 469.00 | ||||||||||||||||
| M Kynnersley | 499.00 | ||||||||||||||||
| 5-Feb | G Tilston | 499.00 | |||||||||||||||
| 9-Feb | Total Boilers | 72.00 | 1 WT | Adjust/reset Timer Clock | |||||||||||||
| 12-Feb | M & G | 1000.00 | |||||||||||||||
| 26-Feb | Sawyer Fencing | 1079.60 | WT | Wooden Fencingandgate to entrance | |||||||||||||
| 1-Mar | H Dodd | 469.00 | |||||||||||||||
| A Vaughan | 499.00 | ||||||||||||||||
| R Tilston | 469.00 | ||||||||||||||||
| M Kynnersley | 499.00 | ||||||||||||||||
| G Tilston | 499.00 | ||||||||||||||||
| 11-Mar | M & G | 1000.00 | |||||||||||||||
| 26-Mar | A Shackleton | 720.00 | |||||||||||||||
| 2-Apr | H Dodd | 469.00 | |||||||||||||||
| R Tilston | 469.00 | ||||||||||||||||
| A Vaughan | 499.00 | ||||||||||||||||
| M Kynnersley | 499.00 | ||||||||||||||||
| G Tilston | 499.00 | ||||||||||||||||
| 10-Apr | M & G | 1000.00 | |||||||||||||||
| 22-Apr | D Carr | 600.00 | 1 & 2 CT | General repair/paintingkitchen walls, gate,fences | |||||||||||||
| 23-Apr | Gchurton | 195.00 | WT & CT | 26Jan - 19 Apr Grass Cutting,strimming,Gen M | |||||||||||||
| 1-May | H Dodd | 469.00 | |||||||||||||||
| A Vaughan | 499.00 | ||||||||||||||||
| R Tilston | 469.00 | ||||||||||||||||
| M Kynnersley | 499.00 | ||||||||||||||||
| 7-May | Grout Ins | 292.32 | Management Protection Policy12/5/24 - 11/5/25 | ||||||||||||||
| G Tilston | 499.00 | ||||||||||||||||
| 10-May | M&G | 1000.00 | |||||||||||||||
| 3-Jun | H Dodd | 469.00 | |||||||||||||||
| A Vaughan | 499.00 | ||||||||||||||||
| R Tilston | 469.00 | ||||||||||||||||
| M Kynnersley | 499.00 | ||||||||||||||||
| 4-Jun | G Tilston | 499.00 | |||||||||||||||
| A Vaughan | 499.00 | ||||||||||||||||
| 10-Jun | Grout Ins | 808.52 | Almshouse Insurance Policy30/6/24 - 29/6/25 | ||||||||||||||
| Gritstone Eco | 500.00 | WT | PreliminaryBat Roost Assessment & Report | ||||||||||||||
| M & G | 1000.00 | ||||||||||||||||
| 14-Jun | GuyChurton | 175.00 | WT & CT | 25 Apr - 6June - Gardening | |||||||||||||
| Well Farm Estate | 416.96 | WT | washingline,alter doors,cleargutters,etc | ||||||||||||||
| 27-Jun | A Shackleton | 720.00 | |||||||||||||||
| 1-Jul | H Dodd | 469.00 | |||||||||||||||
| R Tilston | 469.00 | ||||||||||||||||
| A Vaughan | 499.00 | ||||||||||||||||
| 10-Jul | M & G | 1000.00 | |||||||||||||||
| 1-Aug | H Dodd | 500.00 | |||||||||||||||
| G Tilston | 515.00 | ||||||||||||||||
| R Tilston | 500.00 | ||||||||||||||||
| A Vaughan | 515.00 | ||||||||||||||||
| M Kynnersley | 510.00 |
05/27/2025 private:stream AS Wk Sht
| 12-Aug | M& G | 1000.00 | |||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 14-Aug | A G Mydd | 350.00 | CT | Removal of tree encroachingon BT line | |||||||||||||
| 30-Aug | GuyChurton | 180.00 | 14June - 24 Aug- Gardening | ||||||||||||||
| 2-Sep | G Tilston | 515.00 | |||||||||||||||
| H Dodd | 500.00 | ||||||||||||||||
| A Vaughan | 515.00 | ||||||||||||||||
| R Tilston | 500.00 | ||||||||||||||||
| M Kynnersley | 510.00 | ||||||||||||||||
| 10-Sep | M & G | 1000.00 | |||||||||||||||
| 16-Sep | Les Rich | 80.00 | 1 WT | Unblock Shower Waste | |||||||||||||
| 26-Sep | 50004 1 &3 W/T | 998.00 | |||||||||||||||
| 30-Sep | A Shackleton | 720.00 | |||||||||||||||
| 1-Oct | H Dodd | 500.00 | |||||||||||||||
| G Tilston | 515.00 | ||||||||||||||||
| A Vaughan | 16.00 | ||||||||||||||||
| R Tilston | 500.00 | ||||||||||||||||
| M Kynnersley | 510.00 | ||||||||||||||||
| 3-Oct | A Shackleton | 100.00 | Reimbursement forgift forJune Davies(ex Trustee) | ||||||||||||||
| 10-Oct | M & G | 1000.00 | |||||||||||||||
| 1-Nov | H Dodd | 500.00 | |||||||||||||||
| G Tilston | 515.00 | ||||||||||||||||
| R Tilston | 500.00 | ||||||||||||||||
| A Vaughan | 515.00 | ||||||||||||||||
| M Kynnersley | 510.00 | ||||||||||||||||
| Skipton | 298.46 | ||||||||||||||||
| 11-Nov | M & G | 1000.00 | |||||||||||||||
| 22-Nov | GuyChurton | 220.00 | WT & CT | 5 Sept - 21 Nov - Gardening | |||||||||||||
| 2-Dec | H Dodd | 500.00 | |||||||||||||||
| G Tilston | 515.00 | ||||||||||||||||
| R Tilston | 500.00 | ||||||||||||||||
| A Vaughan | 515.00 | ||||||||||||||||
| M Kynnersley | 510.00 | ||||||||||||||||
| 10-Dec | M & G | 1000.00 | |||||||||||||||
| 13-Dec | Well Farm Estate | 637.41 | WT & CT | Paint Bin Stores,repair steps,check smoke det. | |||||||||||||
| 24-Dec | Les Rich | 156.87 | 1 WT | Call out to water leak,ft new valve | |||||||||||||
| 27-Dec | A Shackleton | 720.00 | |||||||||||||||
| 29745.00 | 298.46 | 3464.84 | 770.00 | 2880.00 | 1100.84 | 287.00 | 500.00 | 100.00 | 9102.68 | 12000.00 | |||||||
| Bal 29 Dec 23 | 3761.13 | ||||||||||||||||
| 31-Dec-24 | 12403.45 | ||||||||||||||||
| b/f | 3761.13 | ||||||||||||||||
| income | 29745.00 | ||||||||||||||||
| 33506.13 | |||||||||||||||||
| less exp | 21102.68 | ||||||||||||||||
| c/f | 12403.45 |
05/27/2025 private:stream AS Wk Sht
Analysis of Rental Income from Benefciaries for 2024
| Property | Benefciary | Jan-24 Feb-24 Mar-24 Apr-24 May-24 Jun-24 Jul-24 Aug-24 Sep-24 Oct-24 Nov-24 Dec-24 £ £ £ £ £ £ £ £ £ £ £ £ |
Total £ |
|---|---|---|---|
| 1&2 Wigfeld Terrace 3 Wigfeld Terrace 5 Wigfeld Terrace 1 Cholmondeley Terrace 2 Cholmondeley Terrace |
Marian Kynnersley Ann Vaughan Gerald Tilston Ruth Tilston Hazel Dodd |
499 499 499 499 499 499 499 510 510 510 510 510 499 499 499 499 499 499 499 515 515 515 515 515 499 499 499 499 499 499 499 515 515 515 515 515 469 469 469 469 469 469 469 500 500 500 500 500 469 469 469 469 469 469 469 500 500 500 500 500 |
6043 6068 6068 5783 5783 |
| 2435 2435 2435 2435 2435 2435 2435 2540 2540 2540 2540 2540 |
29745 |
(1) (2) (3)
NOTES
(1) Rents increased on Wigfield Terrace units by 3.206%
(2) Rents increased on Cholmondeley Terrace units by 6.609%
(3) Rent for 1 WT reduced by £5/mth from August to take account of outside lights attached to 1 WT meter
Increase in rental income from 2023
| come from 2023 | ||
|---|---|---|
| Rent received in 2023 add£96 extra per month from Jan to Jul add£105 extra per month from Aug Rental Income in 2024 |
672 525 |
28548 1197 |
| 1197 | ||
| 29745 |
private:stream
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of The bAalpas Almshouses On accounts for the year ended Charity no (If any) 31 December 2024 504944 Set out on pages I report to the trustees on my examination of the accounts of the above charity (Yhe Trust") for the year ended 3111212024 Responsibllftles and As Ihe charity trustees of the Trusl, you are responsibl8 for the preparatlon basls of report of Ihe accounts in accordance with the requirements of the Charities Act 2011 ("the Acr,). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying out my examination, I have followed the applicable Direclions given by Ihe Charity Commission under section 145(5)(b) of the ACL 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 wlth section 130 of th8 Act or the accounts do nol accord with the accounting records I have no concerns and have come across no olher matters In connection with the examlnation lo which attention should be drawn in order to enable a proper understandlng of the accounts to be reached. Independent examlnerfs statement Slgnod: Date: 2 May 2024 Name: Helena J H Johnson Relevant professlonal quallflcatlonls) or body (If any): Address: The Cape, Church Road, Tilston, Malpas, Sy14 7HB IER October 2018