| Contents | Page No. |
|---|---|
| Report of the Trustees | 1 - 4 |
| Receipts and Payments Account | 5 |
| Statement of Assets and Liabilities | 6 |
| Independent Examiner’s Report | 7 |
The Trustees are pleased to present their report, together with the financial statements for the year ended 31 December 2024.
Charity name: Hockering Poor And Townlands Charity Charity registration number: 242408 Address of charity: Brown & Co The Atrium St. Georges Street Norwich Trustees: Oliver Berney Jackie Howard Keith Arthurton Rosemary Neave Revd. Mark McCaghrey Clerk C E Birch Bankers: Barclays Bank plc 5-7 Red Lion Street Norwich NR1 3QH Independent Examiner: M Proctor FCA DChA Lovewell Blake LLP Bankside 300 Peachman Way Broadland Business Park NR7 0LB Estate Managers: Brown & Co The Atrium St. Georges Street Norwich
1
(continued)
The Charity is divided into two branches, the Poor’s Branch and the Town’s branch. Income arising from property belonging to each branch will accrue to the branch in question and all payments applicable to each branch must be made from the income or expendable endowment of the branch in question. The object of the Poor’s Branch is the relief of persons resident in the area of benefit (being the Parish of Hockering) who are in need, hardship or distress.
The Trustees may relieve persons in need by:
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Making grants of money to them;
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Providing or paying for goods, services or facilities for them; or
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Making grants of money to other persons of bodies who provide goods, services or facilities to those in need.
In exceptional cases the Trustees may decide to assist someone (who is otherwise qualified) who is:
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Resident outside the area of benefit; or
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Only temporarily resident in the area of benefit.
The objects of the Town’s branch are:
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The payment of at least £25, or such other sum as the Trustees must decide, to the Trustees of the Church Charity; and
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The general benefit of the inhabitants of the area of benefit in such charitable ways as the Trustees think fit.
The Trustees must first apply:
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the Charity’s income; and
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if the Trustees think fit, expendable endowment
In meeting the proper costs of administering the Charity and of managing its property (including the repair and insurance of its buildings, except where these costs are met by a tenant). After payment of these costs, the Trustees must apply the remaining income in furthering the objects of the Charity. The Trustees may also apply the expendable endowment for the objects of the Charity.
During the year the Charity continued to let and manage its properties and land, maintaining them as necessary.
The charity is funded by rental income and investment income. Total receipts amounted to £91,922 (2023: £16,457) and after payments of £13,233 (2023: £16,177) net receipts for the year amounted to £78,689 (2023: net receipts £4,875).
2
(continued)
(continued)
The Trustees consider the year end financial position to be satisfactory and confirm that the charity can meet all known obligations.
At the year end, the Charity’s reserves amounted to £130,761, consisting of cash funds of £91,037, current assets of £30, investments from accumulated income of £51,455, less current liabilities of £11,761.
The charity has had limited revenue for many years. It has been agreed that greater benefit can be delivered to the scheme beneficiaries if there is a larger sum available to assist, therefore rather than spend all surplus revenue without a justifiable reason, the Trustees prefer to accumulate reserves, giving greater income annually on the larger balance of retained investments and the opportunity to make larger payments when justified.
The Trustees have agreed that they will seek beneficiaries, but that in the absence of suitable ones, surplus revenue may be retained as long as it is invested in accordance with recommendations how to ensure retention of the balance and protection against inflation as far as possible. The accumulated income shall also be identifiable to ensure it does not become confused with what is thought of as permanent capital.
Charity Commission (registration number 1070221) on 27 April 1998. The charity was then reregistered with the Charity Commission (registration number 242408) on 10 March 2006.
The Trustees are appointed as follows:
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The Vicar for the time being of the ecclesiastical parish of Hockering shall be an ex-officio Trustee.
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Four nominated Trustees are appointed, two by Hockering Parish Council, and two by Hockering Parochial Church Council. Any appointment must be made at a meeting held according to the ordinary practice of the appointing Council. The person appointed need not be a member of the appointing Council.
The Trustees must give each new Trustee on their first appointment:
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A copy of the Scheme and any amendments made to it;
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A copy of the Charity’s latest report and statement of accounts.
The Trustees consider that there are no major strategic or business risks which would affect the ongoing operation of the Charity.
3
(continued)
The Trustees administer the Charity and meet twice a year to discuss and approve forthcoming charitable expenditure.
No grants were made to Hockering PCC in the current or previous year.
The Trustees have considered the Charity Commission’s guidance on public benefit. They confirm that in planning and carrying out the charity’s activities they have had regards to this guidance.
The current trustees are shown on page 1. All Trustees held office throughout the year.
Signed on behalf of the trustees on 14 October 2025
Oliver Berney Trustee
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| Investment income: Rents received - Dividends and interest 82 82 Sale of investments 75,000 75,082 Property repairs and maintenance - Insurance - Consultancy fees - Management fees - Electricity - Rates - Independent examiner’s fees 383 383 Net receipts/(payments) for the year 74,699 Cash and bank balances at 31 December 2023 1,328 Cash and bank balances at 31 December 2024 76,027 |
16,500 340 16,840 - 16,840 11,132 571 - - - - 1,148 12,850 3,990 11,020 15,010 |
16,500 422 16,922 75,000 91,922 11,132 571 - - - - 1,530 13,233 78,689 12,348 91,037 |
16,054 403 16,457 |
|
|---|---|---|---|---|
| 4,595 | ||||
| 21,052 | ||||
| 6,500 2,694 3,803 1,955 (303) 112 1,416 16,177 |
||||
| 4,875 7,473 12,348 |
||||
5
| Bank current account Bank deposit account COIF Income shares BlackRock Charishare M & G Charifund Property rent debtor Independent Examination fees Property repairs and maintenance Management fees Letting fees Insurance Consultancy |
75,874 153 76,027 - - 3,127 - 3,127 - - - - - - 1,800 1,800 |
14,962 48 15,010 - - 39,614 - 39,614 - 1,600 1,697 1,980 - 2,031 2,563 9,871 |
- - - - 469 - 23 492 - - - - - - - - |
- - - 360,000 3,025 - 5,198 368,222 30 - - - - - - - |
90,836 202 91,037 360,000 3,494 42,741 5,220 411,455 30 1,600 1,697 1,980 - 2,031 4,363 11,671 |
12,156 192 12,348 375,000 3,417 40,180 5,236 423,833 |
12,156 192 12,348 |
||
|---|---|---|---|---|---|---|---|---|---|
30 |
|||||||||
| 1,530 248 1,819 1,200 - 3,668 |
|||||||||
| 8,465 |
These financial statements were approved by the Trustees on 14 October 2025 and are signed on their behalf by:
Oliver Berney Trustee
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I
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2024 which are set out on pages 5 to 6.
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the accounts do not accord with those records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
M Proctor FCA DChA Lovewell Blake LLP Chartered Accountants Independent examiner Norwich
15 October 2025
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