FILE COPY HACKBLOCK EDUCATIONAL CHARITY TRUSTEES, REPORT AND FINANCIAL STATEMENTS. OR THE YEAR ENDED 31 DECEMBER 2024
HACKBLOCK EDUCATIONAL CHARITY INDEX Pa Trustees, annual report Independent Examiners, report Balance sheet Statement of financial activities Notes to the accounts
HACKBLOCK EDUCATIONAL CHARITY TRUSTEES, ANNUAL REPORT REFERENCE AND ADMINISTRATION DETAILS The Trustees present their annual report and financial statements for the year ended 31 December 2024. The Charity was established on 3 June 1991 underthe Charity Commissioners, scheme No.1003410. The Charily's principal address is The Vicarage, Burnham Road, Southminster, Essex CMO 7ES. The Trustees during the year were: . Chairman Trustees Mr J Graham Mr P Adams Mr P Lucas Rev P Begley Canon A Smith STRUCTURE GOVERNANCE AND MANAGEMENT The Charity is govemed by the Scheme of the Commissloners sealed 3 June 1991. The body of Managing Trustees consist of three Ex-officio Managing Trustees, one Nominated Managing Trustee and one Co-opted Managing Trustee. The Ex-officio Managing Trustees shall be the incumbent for the time being of the present benefice of St. Leonard, Southminster, and the Churchwardens of the present Ecclesiastical Parish of St. Leonard, Soulhminster. OBJECTIVES AND ACTIVITIES The main objective of the Charity is to provide funds to support children and educational needs of young people under the age of 25 living in the parish of St. Leonard's, Southminsler and neighbouring parishes. This can include financial support for the governors of SoLlthminster Primary IC of El School. Grants may also be allocated to individuals or other bodies, after an application lo the Trustees, in accordance with the scheme laid down by the Charity Commissioners. To increase awareness of the Charity, the Governors advertise to young people in the Southminster area to request applications for funding. Funds are obtained by way of investment income. ACHIEVEMENTS AND PERFORMANCE During the year, income of £38,927 was received and £44,919 was expended. The value of the inveslments held with the Church of England Investment Fund and cash was £1,352,941. The trustees have maintained the annual adjustment for inflation. By order of the board of truslees- 9 September 2025 P Lucas Treasurer
INDEPENDENT EXAMINERS, REPORT TO THE TRUSTEES OF HACKBLOCK EDUCATIONAL CHARITY Scheme No.1003410 We report on the Accounts of the Charity for the year ended 31 December 2024 set out on pages 3 to Respectlve responsibilities of Trustees and Examiners. The Charity's Trustees consider that an audit is not required for this year (under section 144<2) of the Charities Act 2011 (the Act)) and that an independent examination is needed. It is our responsibility to: Examine the accounts (under section 145 of the Act). To follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5){b) of the Acl).. and To state whether particular matters have come to our attention. Basls of Independent Examlners, report Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the view given by the accounts. Independent Examiners, statement In connection with our examination, no maller has come to our attention.. which gives us reasonable cause to believe that in any material respect the Trustees have not met the requirements to ensure Ihat.. proper accounting fecords are kept (in accordance with section 130 of the Act). and accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Acl; or to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. fp? [L{, Maynard Heady LLP 9 September 2025 Chartered Accountants Reporting Accountants Arlington House West Station Business Park Spital Road Maldon Essex CM9 6FF
HACKBLOCK EDUCATIONAL CHARITY BALANCE SHEET AS AT 31 DECEMBER 2024 Notes 2024 2023 FIXED ASSETS Investments 1,222,285 1,194,935 CURRENT ASSETS Cash 8t bank 130,656 136,642 LIABIUTIES: Amounts falling due within one year 1,146 1,140 NET CURRENT ASSETS 129,510 135,502 £1,351,795 £1,330,437 UNRESTRICTED FUNDS Capital 940,751 902,142 Distributable 411,044 428,295 £1,351,795 £1,330,437 Approved by the Board of Trustees on 9 September 2025. and signed on its behalf by.. P Lucas The notes on Pages 5 to 6 fomi part of these Accounts.
HACKBLOCK EDUCATIONAL CHARITY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 INCOME AND EXPENDITURE General Fund General Fund INCOMING RESOURCES Interesl received Dividends received 5,757 33,170 3,263 32,663 38,927 35,926 RESOURCES EXPENDED Direct charitable expendilure.. Grants 42,342 46,850 Olher charitable expenditure.. Accountancy fee General expenses 1,140 1,437 1,104 TOTAL RESOURCES EXPENDED 44,919 48,738 NET INCOMING RESOURCES FOR THE YEAR (5,992) (12,812) OTHER RECOGNISED GAINS AND LOSSES Unrealised gain on investment assets 27,350 102,756 NET MOVEMENT IN FUNDS 21,358 89,944 BALANCE BROUGHT FORWARD 1,330,437 1,240,493 BALANCE CARRIED FORWARD £1,351,795 £1,330,437 (See Note 5)
HACKBLOCK EDUCATIONAL CHARITY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 ACCOUNTING POLICIES 1.1 The financial statements are prepared under the basis of historical cost, except for fixed asset investments, in accordance with Accounting and Reporting by Charities Statement of Recommended Practice, Accounting Standards and with the Charities Act 2011. 1.2 Fixed asset investments are stated at a currenl marf(et value. INVESTMENT STRATEGY The Trustees retained the investment policy of investlng in share and interest-earning accounts. FIXED ASSET INVESTMENTS 2024 2023 Quoted investments Balance at 1 January 2024 Investment additions Net unrealised investment gainl(loss) 1,194,935 1,092,179 27,350 102,756 Market value at 31 December 2024 £1,222,285 £1,194,935 Historical cost as at 31 December 2024 £463,648 £463,648 The above investment represents 52,860.85 12023 52,860.851 shares in the Central Board of Finance of the Church of England Investmenl Fund. LIABILITES Falling due within one year. 2024 2023 Accruals £1,146 £1,140 UNRESTRICTED FUNDS Ca Ital Dlstrlbutable Total Balance bthd. Net flow for the year (page 4) Inflation protection 902,142 428,295 21,358 (38,609) 1,330,437 21,358 38,609 Balance Cld. £940,751 £411,044 £1,351,795
HACKBLOCK EDUCATIONAL CHARITY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 6. UNRESTRICTED FUNDS Continued Whilst not a stipulation of the original Trust Deed, the Trustees have maintained a policy of protecting the original caprtal fund by way of an allocation out of the income and capital growth. The transfer of £38,609 this year has been based on an inflationary increase of 4.2 %. OUTSTANDING GRANTS 2024 2023 Al the year end, expenditure had been aulhorised but not yet paid of £6,600 £5.950