Hudson’s and Storer’s Charities
The trustees present their report and accounts for the year ended 31[st] December 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity Number: 213831 Official and Working Titles: Hudson’s & Storer’s Charities
Principal Address
County Chambers, Kings Road, Melton Mowbray, Leicestershire LE13 1QF
Trustees
S F Shouler P W Easom P J Morris R J Bryant B W Shouler T J Webster C Bonshor J Easom M Coe J H Chatfeild-Roberts
Independent Examiner
Coulter & Co
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Documents
The governing document of Robert Hudson’s Charity is a will proved 20th September 1641. That of Henry Storer’s Charity is a will of 12th December 1720 and a deed of bargain of sale of 19th December 1740. A Charity Commission Scheme of 5th 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 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 almshouses in Burton Street, which now comprises two houses, four single person flats, two flats for couples, a common room, yard, mobility store, and garden.
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, but also owns a site in Fox Yard with foundations laid in 2015 for six further alms flats. It also provides premises for another charity for the poor.
There are several small subsidiary charities in support of either or both main charities.
ACHIEVEMENTS
Charitable Activities
Hudson’s new almshouses and were formally opened by the High Sheriff in December. 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.
Administration
Management of the let landed estate has been difficult, with insolvencies and squabbles amongst certain tenants. Solutions are in sight. When resources allow the Extraordinary Repair Fund for the almshouses will gradually be rebuilt.
FINANCIAL REVIEW
Accounting Policy
The Trustees opt to present accounts on a receipts and payments basis, which they do for the two principal charities. Their 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. Any surplus is held as unrestricted funds subject to review by the trustees from time to time.
ON BEHALF OF THE BOARD:
S F Shouler
S F Shouler, Trustee
Date: 24[th] August 2025
Hudson’s & Storer’s Charities Balance Sheet at 31st December 2024
| 2024 2023 |
||||
|---|---|---|---|---|
| Fixed Assets | ||||
| Tangible Assets | 1,000 1,000 | |||
| Land & Property | (Note 3) | 1,740,003 1,740,003 | ||
| Investment funds | (Notes 1 & 2) | 239,686 229,783 | ||
| 1,980,689 1,970,786 | ||||
| Current Assets | ||||
| Cash in hand | 1,000 1,000 | |||
| Cash at Bank less cheques unpresented | 60,555 60,555 | |||
| Total assets | 2,042,244 2,032,341 | |||
| Liabilites | ||||
| Loans | 25,000 25,000 | |||
| Net Assets | 2,017,244 2,007,341 | |||
| Funds | ||||
| Restricted Funds | (Note 1) | 167,132 167,132 | ||
| Endowment Funds | (Notes 2 & 3) | 1,804,059 1,802,654 | ||
| Unrestricted Funds | 37,555 37,555 | |||
| 2,008,746 2,007,341 | ||||
| Note 1 | 2024 | 2023 | ||
| Hudson's Extraordinary Repair Fund | ||||
| 673.92 Coif Acc | 260.61 | 248 | 175,630 167,132 | |
| Note 2 | ||||
| Robert Hudson | - | |||
| 1723 Coif Inc | 20.29 | 19.845 | 34,960 34,193 | |
| Henry Storer | ||||
| 1434 Coif inc | 20.29 | 19.845 | 29,096 28,458 | |
| 64,056 62,651 | ||||
| COIF Charity Funds at mid-market price end Dec | ||||
| Note 3 | ||||
| Bedehouse | 1 1 | |||
| New almshouses | 1 1 | |||
| Fox almshouse site | 1 1 | |||
| Other land and property | 1,740,000 1,740,000 | |||
| 1,740,003 1,740,003 | ||||
| Almshouses at nominal value; other property revalued at 31/12/2021 |
COULTER Mrs. H Hctheringion LLreiarJ' I ludson's and Storers Chariiics Count> Chambers Kinu?s Road Mellon Mowbray l.cic¢s(crshirc I.F.13 IQF co A C C O U N T A N T S ()ur Ref.. MTlIE110 28lb Auuiist 2025 Dcar Mrs. I l¢ih¢rin&vlOn. I wriie to conlimi Ihgl ihis limi has Larried oul an Indepond¢ni examinaiion of Ihe accounls roi Ihe year ¢nded 31, Dcccmbcr 2024. l Lonfirni ihat thL ilLiounis have becn COTrccily prepared lon a reccipls and paymcni basis) and are in accordan¢¢ with the underlj'ing re¢ords. Yours sin¢cr¢ly. pp. Jade Biixtnn ror and on b¢hJlf ofm T W'csf Mana8in8 Direcior E- infD@¢Duller3ndco.co.uk uller & Co (Acroufilanlsl Ltd Per3 Business Pa M03 Tower Builth'ni Nottinghaffj Roal, M¢ltoTr Mowbray Le*eslersFd're LE13 OPB wYw.G•ilt•raidG•.¢•.yk