Registered Charity Number: 213831 Robert Hudson's Almshouses and Other Charities
Report of the Trustees and Unaudited Financial Statements for the Year Ended 31* December 2021 for Hudson’s and Storer’s Charities
Hudson’s and Storer’s Charities
The trustees present their report and accounts of the Charities for the year ended 31% December 2021.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered CharityNumber: 213831
Official Title: Robert Hudson's Almshouses and Other Charities Working Title: Hudson’s & Storer’s Charities Principal Address County Chambers Kings Road Melton Mowbray Leicestershire LE13 1QF Trustees S F Shouler Peictvtorsts B W Shouler C Bonshor P W Easom RJ Bryant TJ Webster J Easom JH Chatfeild-Roberts M Coe
Independent Examiner
Coulter & Co
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Documents
The governing document of Robert Hudson’s Charity is a will proved 20" September 1641. That of Henry Storer’s Charity is a will of 12" December 1720 and a deed of bargain of sale of 19** December 1740. A Charity Commission Scheme of 5" January 1967 made certain modifications. The two charities along with several subsidiary charities have been administered together since 1828.
There are currently ten trustees. When by death or retirement the number dwindles to two or three, they identify sufficient suitable new trustees with interests in the town and appoint and induct them to bring their number up to ten or twelve.
OBJECTIVES AND ACTIVITIES
Objectives and Aims
Robert Hudson’s Charity exists to provide almshouses in Melton Mowbray for 6 poor aged men who should be born and dwellers in the town of Melton Mowbray of the age of 50 and upwards and widowers or single men. It has very little endowment but owns the Bedehouse in Burton Street, which now comprises four flats and a common room.
Henry Storer’s Charity has the bulk of the endowments and exists for the poor of Melton Mowbray. Its Income is used firstly to subscribe to almshouses {including running costs, cyclical maintenance and further provision) and secondly for the relief of the poor. It too once owned almshouses now long demolished.
Hudson’s Almshouses are now available to men and women. A generous gift of a range of early nineteenth former stables and land in Beebys Yard immediately adjoining the Bedehouse, together with a flow of funds, is enabling us to convert them to four new Almshouses. in the long term the charity intends to complete six further Almshouses on foundations laid in 2015 at Fox Yard, as funds allow. In setting our objectives and planning our activities our Trustees have been given careful consideration to the Charity Commission’s general guidance on public benefit.
There are several small subsidiary charities providing support to either or both main charities.
ACHIEVEMENTS
Charitable Activities
Work to convert the block adjacent to Hudson’s Bedehouse into four new almshouses has proceeded slowly but surely. One flat in the Bedehouse came empty at the end of the year and is being prepared to for reoccupation. Storer’s Charity continues to provide urgent small-scale relief to the poor by referral. The money advice centre for the poor (MADMAC) continues to operate from the old Fox Inn
FINANCIAL REVIEW
Accounting Policy
The Trustees opt to present accounts on a receipts and payments basis, which they do for the two principal charities. There accounts include income from the subsidiary charities. A combined statement of assets and liabilities is provided.
Reserves Policy
Properties and investments held as endowments or purchased for charitable use are held as restricted funds. An extraordinary repair fund is held for Robert Hudson’s Almshouses. This and funds raised for the Storer’s new almshouse project are held as restricted funds. Other surplus is held as unrestricted funds subject to review by the trustees from time to time.
ON BEHALF OF THE BOARD:
cesveef fA ersey esesriesenesaneeee 5 F Shouler— Trustee Date: 5 May 2022 .
Registered Charity Number : 213831
Robert Hudson's Almshouses and Other Charities
Receipts and Payments for the year ended 31st December 2021
Robert Hudson's Charity
| Robert Hudson's Charity | |||
|---|---|---|---|
| Receipts | Payments | ||
| Residents Contributions | 5,872 | Insurance | Y 1,234 |
| Endowment Dividends | 744 | Repairs | YY 2,939 |
| 6,616 | Cleaning&gardening | ~1,200 | |
| Shortfall funded by: | Works to new almshouses | x“ 224,227 | |
| Surplusfrom previousyear | 11,061 | Utilities, including to building site | 2,867 |
| Subscription from Storer’s | 215,532 | Almshouse Assn sub | “~ 142 |
| Secretary's Stipend | “ 1,000 |
||
| 233,209 | 233,209 | ||
| Henry Storer's Charity | |||
| Receipts | Payments | ||
| Rents & Wayleaves | 86,050 | Subscription to Hudson's Almshouses | 215,532 |
| Dividends | 925 | Poor Relief | 1,665 |
| Bank Interest | 1 | Repairs | 3,080 |
| 86,976 | Insurance | 6,625 | |
| Shortfall from reserves | 146,382 | Property management | 6,270 |
| Bank charges | ~ 6 |
||
| Accountancy | ~ 180 | ||
| 233,358 | Receipts less Payments | 233,358 | |
| Combined Charities | |||
| Opening bank balances | 272,120 | Hudson’s net payments | 233,209 |
| 7,856 | Storer’s net payments | 17,826 | |
| Hudson’s net receipts | 6,616 | Closing bank balances | 114,677 |
| Storer’s net receipts | 86,976 | 7,856 | |
| 373,568 | 373,568 |
Registered Charity Number : 213831
Robert Hudson's Almshouses and Other Charities
Balance Sheet at 31st December 2021
| Fixed Assets | |||||
|---|---|---|---|---|---|
| Tangible Assets | 1,000 | ||||
| Land & Property | (Note 4} | 1,740,003 | |||
| UnitTrusts | (Note 5) | 332,338 | |||
| 2,073,341 | . | ||||
| Current Assets | |||||
| Cash at Bank | 122,534 | ||||
| Net Assets | 2,195,875 | ||||
| Funds | |||||
| Restricted Funds | {Note 1} | 266,710 | |||
| Unrestricted Funds | (Note 2) | 122,534 | |||
| Endowment Funds | (Note 3) | 1,806,631 | |||
| 2,195,875 | |||||
| Note 1 | |||||
| Restricted Fund | |||||
| Hudson's Extraordinary Repair Fund | 266,710 | ||||
| Fox Project Contributions — all now | |||||
| spent on Hudson’s new almshouses | 0 | ||||
| 266,710 | |||||
| Note 2 | |||||
| Unrestricted Funds | |||||
| , | |||||
| Robert Hudson | 6) | ||||
| Henry Storer | 122,534 | ||||
| 122,534 | |||||
| Note 3 | |||||
| Endowment Fund | |||||
| Land & Property | 1,740,003 | ||||
| Tangible Fixed Assets | 1,000 | ||||
| Unit Trusts | 65,628 | ||||
| 1,806,631 | |||||
| Note 4 | |||||
| Land & property | |||||
| Bedehouse | 1 | ||||
| New Bedehouse | 1 | ||||
| Fox almshouse site | 1 | ||||
| Other land and property | 1,740,000 | ||||
| 1,740.003 |
Almshouses at nominal value; other property revalued 31/12/2021
Note5 €ERF & Endowment units at mid-market price on 30/12/21
Mrs. H Hetherington
ACCOUNTANTS
Secretary Hudson’s and Storers Charities County Chambers Kings Road Melton Mowbray Leicestershire LE13 1QF
Our Ref: MTW/H10 3rd August 2022
Dear Mrs. Hetherington,
I write to confirm that this firm has carried out an independent examination of the accounts for the year ended 31‘' December 2021.
I confirm that the accounts have been correctly prepared (on a receipts and payment basis) and are in accordance with the underlying records.
Yours sincerely,
M T West Managing Director
T: 01664 561111 E: info@coulterandco.co.uk
Coulter & Co (Accountants) Ltd Pera Business Park MO3 Tower Building Nottingham Road, Melton Mowbray Leicestershire LE13 OPB
www.coulterandco.co.uk
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