RÈGISTERÈD CHARrrY NUMBÉR: 311018
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023
FOR
HOCKERILL EDUCATIONAL FOUNDATION
Clemence Hoar Cummlngs
Chartered Accountants and Statutory Audltor
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN

HOCKERILL EDUCATIONAL FOUNDATION
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023
Page
Report of the Trustees
I to 11
Report of the Independent Audltors
12 to 13
Statement of Flnan¢lal Actlvltle$
14
Balance Sheet
15
Notas to tho Flnanclal Statements
16 to 21
D•tall•d Stat•rn•nt af Flnanclal Actlvltlei
22

HOCKERILL EDUCATIONAL FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2023
The trustees present their report with the flnanclal ststements of the charlty for the year ended
31st March 2023. The trustees have adopted the provisions of Accounting and Reporting by Charities=
Statement of Recommended Prdctice applicable to charities preparing their accounts in accordance with
the Ffjnancial Reporting Standard applicable In the UK and Republic of Ireland {FRS 102) leffettlvo I
January 2019).
OBJEcfIvES AND ACTIVXTXES
General
From Its In￿PtIOn the FotJndatlDn has allocated approxlmately two-thlrd5 of it5 annual grant fvnding to
the church's educational work in the DI0￿se5 of Chelmsford and St Albans, from whlch the orlginal
funding of the college was ralsed. and one-third to other corporate grants and grants to Indlvlduals. The
Charity invites appllcatlons for grants to be made by a publlshed ¢loslng date, taking active steps to
promote knowledge of Its grants through charfty dlrettorles, publlc websites, its own webslte and by
maklng Informatlon dlrectly available to approprlate colleges and rellgiou5 educatlon networks.
The Charlty's corporate grant5 are made on both a natlgnal and an International basis- we help RE
teacher5 in the UK by sponsorlng RE infrastructure and are actively seeking a new oversea5 partner. The
Charity'5 individual grants help trainee teachers throughout the UK whether they are studying full-time,
part-time or via the Open Universlty.
The allocation to the two Dloceses In the perlod covered by thls report and accounts was £105,000 to
each Dloce5e.
Page I

HOCKERILL EDUCATIONAL FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2023
oB)E￿IVEs AND AcfxvITXES
Grants In support of the church's educatlonal work
A major part of the Foltndatlon's objettive Is to svpport the Church of England's educatlonal work,
particulady in the Dioceses of Chelmsford and St. Albans. Grants are always made for specific
programme5 or projects.
Dlocese of St Albans:
To St Albans Dlocesan Board of Educatlon
7 grants
- To support the work of the Dlocesan RE Advlser '. supporting the work of
SACRES In Hertfordshlre. Bedford Borough, Centrdl Bedfordshire Luton-
The development of advice guidance and resources to support the
non-speclallst teachlng of Chrlstlanlty wlthSn RE; Leading the development of
high quallty RE across all schools In Central Bedlordshlre and Bedford Borough
through the RE Soclety of Bedfordshlre.
Tralnlng and Development (H15> . Development of activities to support
wellbelng of RE subject leaders (£1,500), Development of worklng
latlonshbps wlth the Cathedral Learnlng Department to Include shared
training activitie5 such as an annual "away day" for upper K52 pupils to explore
their spirituality at st Albans Cathedral (£750); The delivery and extension of
InspiREd a RE subject leader development programme run Jolntly by the
Dloceses of St Albans and Canterbury {£3,0001
Distlnctlve Chrlstlan Character (H13) To fijnd the dellvery of a serles or
regional training events for PLtpll leaders of worshlp {EI,500) Development and
dellvery of "Heart for the Earth" a curated resource whlch wlll allow 5choo15 to
the¢Jlogi¢ally reflect on cllmate change and plan to redure carbon emlsslons
(E4.0001 To support the creation of anti-raeist resources to support schools
promote raclal Justlce and dlverslty across the school commLsnlty {E4,000) To
enable governlng boards and senlor leaders to support the Implementation of
RelationshSps and Sex Educatlon and to manage difficult eonversatlons
(£1,000)
Speclal SeNI￿s In the Cathedral (H02} To enable the D8E to undertake
speclal acts of worship, includlng HaNe5t Fe5tlval In St Alban5 Cathedral. This
grant funds aspects of the costs assoclated wlth runnlng major events,
Including AV equlpment, PA system, tollet hire and transport costs for
dlsadvantaged children who would otherwlse be unable to attend.
SIAMS Inspection and Management [H03) Support the national SIAMS
admlnlstratlve and quality assurance programme.
Church School Leadershlp Development (H14) Thls grant Is deslgned to
support the development of leader5hlp acr055 the Diocese's 138 church
schools. It will undertake thls flexibly according to need and will include some
or all of the followlng The opportunlty to allow headteachers who have
experlenced challenging pastoral clrcumstances to attend the DI0￿San
Headteacher Retreat (£2,800) To facllltate attendance at the Che1rn5ford
Church School Leadershlp Course (£2,000)
To sUPPOrt the work of the Assistant Schools Officer, partlcularly . Developing
nd Launching actlvltles, under the worklng title 'God in my Life,, that are
aligned with Growlng Falth and allow the Diocese of St Albans to Grow Younger
50,000
5,250
10,500
2,450
7,000
4.800
LlalJlng byith the Dioeesan Youth Ml¥#loner Chlldr*n'• Mlsslon En•bl•r to
promote young vocitlLif15. Particlpate In the revlslon of the diocesan vi510n
'Llvlng God's Love, with an emphasis on the falth of chlldren and young people.
Facllltatlon of courses on RE, Christlan dlstlnctlveness. Chrfstlan ethos,
leadership of church schools. asplrant church school leadership.
Communlcatlng the work of the DBE and its schoo15 through soclal medla and
the temily newsletter.
25,000
£105,000
Total of Dlo¢e$e of St Albans Awards:
Page 2

HOCKERILL EDUCATIONAL FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2023
OBJEcfIvES AND AcfIviTIES
Dlocese of Chelmsford:
To Chelmsford Dlocesan Board of Educatlon
7 grants
SEcfioN 48 (SIAMS) ENSPEcfioNS & TRAINENG Th15 grant supports our annual
subscrlptlon for ￿r¢tralISed admln15tration of SIAMS.
SCHOOL ADVISER SUPPORT.. RE & COLLEcfivE WORSHIP - The Schools, Team
Includes a full-tlme REI Schools Advlser, and a part-tlme Collectlve Worshlpl
Schoo15 Adviser. The grant contributes to salary and expenses for these people a5
well as the costs of three other AdvISe￿ who worf< with schools on their Christian
haracter, vlslon etc..
CHILDREN'S WORK ADVISER- EARLY YEARS - The role of the Early Years
Advlser Is to support parlshes to develop thelr ChrSstlan educatlon work wSth young
famllles Includlng the provlslon of pre-school groups with a Christian focus. She
also offers professlonal support to pre-school settlngs aeross the dlocese In sehools
and parlshes.,
SCHOOL GOVERNANCE SUPPORT - The Diorest engages a consultant for this
work. He provides regular tralnlng and hosts networking events. He also provides
Intensive sUPPOrt to Governlng Boards when requlred.
COMMUNICATIONS, TRAINING ANO NFfwoRKING - Thls grant suppcrts of our
Comms Schools Administrator. A ￿ vised websSte was launched In 2021 and we
corstlnue to develop otjr on-llne support and communication for schools.
GLOBAL LINKS - Due to Covld travel restrlctlons we have unused money from
prevlous Grants. Fundlng wlll be requlred In future years to continue to maintain
our Ilnk5,
MISSION IN SCHOOLS Thls grant wlll contrfbute to a range of new Initlatlves to
support Mlsslon In Schools Including speclal servlce5 In the Cathedral, resources for
schools, and focusing on support for those new to Church Schools and newly
appolnted Headteachers.
CHURCH SCHOOL LEADERSHIP DEVELOPMENT- This grant will 5UPPOrt
development of leadership across the Diocese's 139 church schools.
7,000
40,000
10.000
20,000
15,000
5,000
8,000
Total of Dioce$e of Ch•lm$ford Awards:
£105,000
Page 3

HOCKEIULL EDUCATIONAL FOUNDATION
REPORT OF THE TRusfEES
FOR THE YEAR ENDED 31ST MARCH 2023
OBJECTIVES AND AcfIviTXES
Grantmaklng
Grants to Indlvlduals
In awarding grants to individuals, the Charity partlcular5y tries to a￿15t those students who, de5Plte the
avallablllty of loans. grants and other Incentlves from national and local government, would flnd it difficult
to Complete thelr courses because of speclal personal or financial circumstances. The Foundation also
regularly assists exlstlng RE teachtrs who wlsh to Improve thelr quallflcatlons, often at conslderable cost
to themselves. Grants are made to Indlvlduals In the followlng categorles, wlth a prlorlty to Rellglous
Educatlon, and wlth regard to the Indlvldual's flnanclal need:
student5 and teaching a5SiStants taking teaching quallflcatlons. or flrst degrees leadlng to
teaching.
teachers, teachlng asslstants and others In an edLtcatlonal capaclty seeking profe5s1onal
development through full-tlme or part-time courses.
students taklng other flrst degree courses, or courses Sn further education.
those undertaklng research related to the practice of Rellglous Educatlon In schools or further
education,
others Involved in teaching and leading in voluntary. non-statutory education, Induding those
concerned with adult and Christian education.
stvdent5 from the dloceses of Chelmsford and 5t Albans undertaklng gap year proJetts wlth an
educatlonal focus.
In 2022-23 grants totalllng £40.145 (£61,468 Sn 2021-22) were pald to 43 {69 In 2021-22) Indlvlduals.
15 were tralnSng for prlmary educatlon, 30 for secondary education, of whlch 15 were taklng hlgher
degree5 or dlplomas In eduratlon. There were no GAP year 5tudentS 5UPPQrted In 2022-23. Of the 43
education student5, 23 were following courses either dlrectly or partly related to the teaching of Rellglous
Educatlon, and 20 were taking other educatlon courses or proftssional development in education.
The grants provlded by the CharSty are there to help meet the costs of books, tralnlng materSals and fees
where the student Is unable to meet these costs from Statutory sources or from hls/her own resources.
Page 4

HOCKtRILL EDUCATIONAL FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31￿ MARCH 2023
OBJECTIVES AND ACTIVITIES
Corporate Grants for research and development In education:
The Foundation looks to support activitles. courses. projects or research whlch are Ilkely to benefit
Religious Education and the Chijrch's educatlonal worl(, with emphasis on activities whlch support the
work of teachers or other adults involved in education.
CULHAN ST GA8RIELS - Masters Scholarship scheme. Continying as a partner of
thls scheme. It Is deslgned to offer a Bursary to RE Teachers and Teaching
Asslstants to do a part tlme Masters programme at selerted Unlversltles. In 2021-22
the Bursary was £1,950 per year for up to two years.
CMCS (Centre for Muslim-christian Studles) Surnrner School. The Summer School
15 desFgned to bring Musllms and Chrlstlans together to relate honestly think
rSgorovsly through teachlngi research and public education. It Is aimed at fvture
leade￿, teachers and scholars.
LOUISE HALE PLAY THEiAPY - a Storybook Manual on Chlld Bereavement. A
self-help book to SUPPOrt teachers. Tas and middays, eounsellors and others. We
grant alded Loulse through her play therapy postgraduate quallflcation.
PHILIP'S CENTRE - A project to bnng "Faith PractEtioners' to rural schoo15
across the East Midlands. We supported thern with a grant of £3,000 In 17118 for a
project researching schools, statutory duty to provide RE.
COMFORT INTERNATIONAL - A Christlan charlty provldlng upskllllng for teachers In
sd)ools In DR Congo (thls Is the second year of an ongolng project).
INNERVATION TRUST - ISlngPOP project In Dlocese of Chelmsford. Matched
funding for 5 Schools to partlcipate in using their materlals.
rEP - St Albans & Harpenden Chnstian Education Pro3ert. An ecumanlcal proJect
provldlng a Chrlstlan approach to schools, work St Albans and Harpenden schools.
In the past we have supported the tralnlng of volunteets and Intems and a resource
for Teaching RE Jnd addresslng Mental Health Issues. Th1$ request Is to help support
the deployment of the new Imatter resources.
FAITH IN SCHOOLS- NEWHAM the further development of RE:Dlscovery (a
downloadable Christian RE resource) to include Volces on Video - interective on-line
Interviews with Christlans from dlflerent denominations etc.
NATRE through RE TODAY - Grant Fundlng requested For the delivery of S of 9
InltSal Teacher Education RE Confe￿nceS In unlversltles across England almed at
graduates studylng to become Secondary RE Teachers.
HOCKEFULL COLLEGE ASSOCTATION Requestlng flnanclal sUPPOrt for Its flnal
ReunSon in October 2022. The Secretary has in the past attended a number of these
blannual reunion5 and they financlally supported the produrtion of the College
History whlch was commissloned by HEF in the early 2000,5.
11,700
5,000
1,000
2,000
1,187
3,500
5.000
5,000
2,000
2,000
Total of Corporate Grants:
£39,577
Total ol Indlvldu•l or¥nt$:
£40,145
Total ot all Grants: É289.722
The Foundatlon monitor5 the effertiveness of its work by recelvlng annual reports from organlsatlons
whieh receive grants, and by requirin9 indepondent annual progress reports on indlvlduBls it supports
before any grant Is renewed. Feedback from tutors and students Contlnues to show that even the
limited grants provided by the Foundatlon to Indlvlduals can make a vltal dIffe￿nce to thelr study.
Durlng the year ended 31 March 2023 £289.722 (£290.418 in 2021-22) wa5 distributed in grdnts. The
cumulative total of grants d15trfbuted slnce the Chanty was formed in 1977 has now reached E8,449.774.
ACHIEVEMENT AND PERFORMANCE
Investment Policy
ThÈ FDundation's investment priority is to malntaln the real valiRe nf It£ rapital investment nver the lono
term, but It a150 seek5 Sutricient income from Investments to allow an increase in grants distributed which
at least matches wage Inflatlon measured over any fjve-year period.
Page 5

HOCKERILL EDUCATIONAL FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2023
ACHIEVEMENT AND PERFORMANCE
Performance
The Charity's pollcy Is that overall expenditure each year Should nomially match the Income forecast for
that year.
In 2022-23 Investment Income received InC￿aSed by 8.25Wo (compared wlth a 2,34% decrease In
2021-22). The value of Grants dlstr6buted In 2022-23 decreased by 0.24% when cornpared with the
prevlous year (It decreased by 11.26% In 2021-22).
Whllst the CCLA Property Fund Income has remalned stetlc over the period of these accounts. income
from the CCLA Investment Fund and from Chanftjnd has continued to recover followlng the Covld-19
pandemic.
The value of our Investments over the perlod of these accounts decreased by 6.180k (In the comparable
perlod In 2021-22 there was an Increase of 8.50%). The valuatlon of our Investments In the CCLA
Investment Fund and In Charlfund contlnued to recover as we come out of the pandernic. The CCLA
Property Fund Still gives some cause for concem in that although the valuatlons are now tracking our
other holdings, the income has remalned static.
The pandemSc has contlnued to have some effert on our Investments but thls has been replaced by the
volatility In the markets caused by the war In the Ukralne. The Flnance Commlttee will contlnue to
monltor the sltuatlon closely.
FINANCIAL REVIEW
Principal fundlng sources
The Foundation's income dèrlves almost entirely frorn endowed capital invested with CBF Fun*Js and
Charlfund. CBF Is a common Investment fund managed by CCLA Investment Management Limited, and
funds are Invested following the guldelines of the Ethlcal Lnvestment Advisory Group. Charlfund, managed
by M&G Investments, Is an exempt unlt trust whlch Is a pooled fund for charftles. Charlfund excludes
tobacco companles from Its portfollo. The Flnance Committee regularly monltors the performance of
Investments and reports to the Foundation Council. There has been no charkge in the allocatlon of funds
durlng the year. The Foundatlon does not engage In any significant fundraislngi though donations and
legacles, malnly from former members of Hocker151 College, are occasionally recelved.
Re••rves pollcy
These Investments have provlded a relatlvely Stable income, but a reserve Is held to ensure that the
Foundatlon can (l) avoid sudden reductlons In grant expendltur@ should Income fall,. (2) ￿spOnd
promptly to unforÈseen requests to support causes which are central to the Foundatlon'5 remlt.. and (3)
meet the costs of rlsks for which the Foundatlon self-in5ures. In the 2011-12 ftnanclal year the
Foundation un¢Jertook a review of its Reserves Pollcy In the light of the move from offerlng grants over a
number of years tg that of annual grants whlch can be renewed on further appllcatlon In subsequent
years. To this end it has adopted the followlng Reserves Pollcy,. 'The Reserves Pollcy of the Foundatlon Is
that a Reserve of £60.000 be maintained, and that the move to this pollLry should take place over
period of 3 to 4 year5, i.e. by allocatlng over the next 3 years a hlgher amount for grants than prevlously,
rather than movlng dlrectly to the new level of reserve by maklng a very large allocation to grants in one
year." The TrusEees as part of the change of year end declslon decided to maintain thi5 reserves policy.
As part of its ong0Sng stewardship The Finance Committee reviews this pollcy every year.
In recent ytrors a iiuiiiber or ractorn liave •rl>en that affect the Jtudent environment in whlch the HDekcrill
Educatlonal Trust operates: l) A small but slgnlficant number of Grants are not taken up as the students
concerned a￿ unable to put together the finance package reqLblred to meet the total cost of their course;
and 2) UnEversitles are maklng ever later offer5 of places In order to meet thelr target enrolments
resulting in an increaslng number of late applications for grants. The advent of the Covid -19 pandemic
has added an extra layer of complexlty to thls environment. Consequentlally all these factors have
contributed to the difficulty in reaching our target reserve. The Finance Commlttee and the Grants
Commlttee wlll contlnue to monltor this situatlon closely.
Page 6

HOCKERILL EDUCATIONAL FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2023
FUTURE PLANS
As In previous years the Charity wlll contlnue to mon5tor and adapt it5 programme of grant5 for
individuals to ensure its funds are used to best effect.
In 2022-23 we continued as a partner in the 3ForRE Scheme, run oft behalf of the Ac￿ by the Culham St
Gabriels Tnjst and now reimaglned as The Masters Stholar5hlp Scheme. The Scheme provldes grants to
seNlng RE Teachets and Teachlng Asslstants to help them Improve thelr quallflcation5 to Masters Degree
level vla part tlme courses at selected Universltles.
Thls scheme is supported Jointly by members of the Accr and it shows our commltment to SUPPOrting
the RE teacher post thelr Initial tralnlng.
The Charfty also supports ecumenlcal schools work Inltiatlves by providlng "Seed com" fundlng and In
2022-23 thls Included Falth In Schools - Newham and the St Albans & Harpenden Chrlstian Educatlon
ProJe¢t.
RE resources is another area the charlty 15 Involved in, provlding some fundlng for the development of a
Storybook Manual of Chlld Bereavement and associated teachlng materials. The Author, Louise Hale,
developed the idea tluring her postgraduate studles whSch we part funded.
Sddly, we must report the closL>re of the Hockerlll College Assoclatlon the Alumnl Asso¢latlon for past
students of the orlglnal Hockerlll C of E Prlmary Teacher Trainlng College In Blshops Stortford. Its flnal
Reunlon took place In October 2022 and was sponsored by the Trust.
The Charfty's website contlnues to prove to be a very useful a55et in contactlng pr05pertive grantees and
In provldlng them with the latest infomatlon about the Foundation, its objectlves and the grant process.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governlng document
The charlty Is controlled by Its governlng document, a deed of tnjst, and constitutes an unlncorporated
charlty.
Hockerfll College, 8ishop'5 Stortford, was founded in 1852 to train women teachers who "would go to
schoo15 in the servlce of humanity" The College was provlded by the Dlocese of Rochester and much of
the money requlred was ralsed by subscription In Essex and Hertlordshlre, whlch were at that tlme In that
Dloeese. Over the following 125 years the provlslon of edueatlon and attltudes towards It changed as
both Church and State assumed an Increaslng responslblllty for a natlonal network of prlmary schoo15, for
the provlsion of secondary schools, and for the tralnlng of teaGhers.
In 1976 it was declded that fewer teachers would be reqLtlred for trainingi and the Secretary of State for
Educatlon and Sclence dlretted that Hockerlll College and a number of other slmllar colleges "should have
no further Intake of students,,,and that the long and honourable hlstory of these Colleges should be
brought to a close.
The Hockerlll Educational Foundation was establlshed to perpetuate the name of the
College and the Intention of It5 Founders.
Page 7

HOCKERILL EDUCATIONAL FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2023
STRUCTURe, GoveRNANCE AND MANAGEMENT
ObJectSves and aims
The object of the Charity is the advancement of either higher or further education or both In one or more
of the following ways..
(a)
the promotlon of the educatlon and trdining of persons who are. or Intend to become.
engaged as teachers or otherwise In work connected wlth rellglous educatlon.
(b) the promotlon of research In, and development of, religious edutatlon.
(c)
the provision and condutt, or assIStan￿ In the provlslon and condutt of a chapel and
chaplaincy providing for students, rtllglous worship, instnjction and care;
(d) the prornotlon of education by the provision of Instructlon, classes, lettures, books, Ilbrarles
and reading rooms-
making grants to young persons In need of financial a55i5tance to enable them to attend an
estab115hment of hlgher or fijrther education or otherwlse to pursue thelr educatlon; and
(fj such other ways as the Trustee may from tlme to tlme determlne.
(e)
In furtherlng the object speclfied above the Charity shall..
(a)
act In such a manner as will advance educatlon In accordance wlth the doctrtnes, rltes and
praciices of the Church of England. and
(b) have regard to the needs of persons undergolng tralning as teacher5.
The Charlty currently meets these objertlves by maklng grants in the following areas-
(a) Grant5 to Indivldual teachers and others In an educatlonal capacltyi either tralnlng to teach
or seeklng to develop thelr professlonal ablllties and qualifications, partlculèrly In Rellglous
Educatlon
(b) Grants to Indlvl(Juals taklng other first degree or further educatlon courses, excludlng
courses which lead dlrectly to careers other than teachlng.
Tralnlng and 5UPPOrt for the Church's educatlonal work In the dioceses of Chelmsford and St
Alban$
(d) Research, development and support grants to organlsatlons In the fleld of Rellglous
Education.
(c)
The Foundatlon regards grant-maklng as its maln actlvlty and nomially does not directly undertake other
actlvltles. For Its flrst 25 years, untll 2003, the Charity also promoted an annual lecture on some aspect
of educatlon, many of whlch have made a lastlng contributlon to educatlonal debate, and copies are stlll
avallable from the charlty. In 2010 the Charity worklng wlth NATRE (the Natlonal Assoclatlon of Teachers
of Rellgious Education Sntroduced the Hockerlll - NATRE Prize for Innovatlon In RE Teachlng. Thls Annual
Prize was first awarded in the sprlng of 2011 In both the Prfmary and Secondary 5ertors (now
discontlnued).
The Charity Is a member of the RE Council of England and Wales whlch reflects the sUPPOrt st gives to the
RE community. It Continues to support the RE Quallty Mark whlch Is now admSnlstered by the RE Councll.
The Trustees has referred to the guidance contèlned In the Charity Commission's general guldance on
public benefit when revlewing Its airns and objectives and In plannlng its future activities. In particular,
the Trustees considers how planned actlvlties will contrrbute to the aims and objettives they have set.
Page 8

HOCKERILL EDUCATIONAL FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governance and Management
The Hockerill Educational Foundatlon was endowed with the proceeds of the sale of the College and
established as a charity number 311018 under a Scheme prepared by the Charity Commissioners in 1977,
and amended by the Charity Commlssion on 19th April 1988. It is managed by the Hockerfll Educatlonal
Company* a company limlted by ouarantee, Incorporated under a memorandum and articles of
assoclatlon dated 29th July 1987, registered nurnber 2151348. The Company Is réglstered as a charlty
number 297860.
The Dirertors of the Hockerlll Educatlonal Company are also members of the Hockerlll Foundatlon Councll.
Four directors/trustees are ex officlo, two each are appointed for a period OF five years by the Bishops of
Chelmsford and St Albans. and four are appolnted for a period of four years by other bodies of the
Dloceses of Chelmsford and St Albans. There Is provlslon for up to a fijrther three tNstees to be
co-opted. New trustees are normally experlenced trustees of other bodies,. they receive Indurtlon In the
work of the Foundation and ar* offered such further training as trustees as may be necessary.
The Foundatlon Councll normally meets twlce a year to determlne pollcy and strategy, and to monltor the
flnances and grant-making. In addition, the finance commlttee nomially meets twice a year to oversee
the Foundation's Investments, flnancial management and audlt, and to make budget and other
recommendatlons. The grants committee meets normally twlce a year to consider and approve
appllcations for grants. Operational and finanel81 management Is delegated wlth approprlate controls to
the Secretary of the Foundatlon, who Is a part-tlme pald employee. At the start of the Covld 19
pandemic all these meetlngs moved on-llne. In 2022-23 all meetlng5 were again held virtually apart
from the November Hockerlll Foundatlon Council / Hockerill Educatlonal Company meeting whlch was held
In person.
The Foundatlon has Ilnks wlth the Dloceses of Chelmsford and St Albans, from whose areas the orlglnal
fundlng of the college was drawn, and it Is a member of the Assoclatlon of Church College Trusts, 8 group
Of trusts wlth slmllar orfglns and charltable aims.
The Council has approved a Rlsk Management Policy for the charityi 5ettSn9 Out the rlsks to which the
charity 15 exposed and the means by whlch the charity seeks to manage these dsks. Thls Is revlewed
annually by comparlng the exlstlng policy with current guldance offered by the Charlty Commlsslon. No
changes were felt to be requlred thls year.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charlty number
311018
Principal address
3 The Swallows
Harlow
Essex
CM17 OAR
Page 9

HOCKERILL EDUCATIONAL FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2023
Trustees
Corporate Trustee:
The Hockerill Educatlonal Company Llmlted
The followlng Members of tho Foundatlon Councll who are also Trustee5 of tho charlty have
held office since l April 2022:
Chalrman:
The Venerable Janet Mackenzle, Archdeacon of Hertford
Ex OffIcio:
The Right Reverend Dr Gull Francls-Dehqanl, Blshop of Chelmsford
The Rlght Reverend Dr Alan Smlth, Blshop of St Albans
Canon Davld Morton, Director of Educatlon, Dloce5e of St Albans
Mrs Carrie Prior. Director of Educatlon, Diocese of Chelmsford (from January 2023)
Diocesan Trustees:
The Venerable Janet Mackenzle
The Venerable Robin King
Appointed by:
Blshop of St Alban5
8i5hop of Chelmsford
Nomlnatlve Trustee8:
Mrs Anthea Kenna
Mrs Judy Klng
Mr David Lodge
Mrs Hannah Potter
Nomlnated by..
Chelmsford Dlocesan Board of Educatlon
St Albans obocesan Board of Educatlon
st Albans Olocesan Board of Educatlon
Bish¢Jp'5 Council of the Dlocese of St Albans
Co-opted TTUSt••B:
Mr Colln Blrd
Janet Scott
Secretary:
Mr Derek J Humphrey
3 The Swallows
Harlow
Essex CM17 OAR
Telephone.. 01279 420855
Email.. info@hockertllfoundatlon.org.uk
Web: www.hockerillfoundatlon.org.uk
Audltors
Clemence Hoar Cummlngs
Chartered Accountants and Statutory Audltor
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN
Solicitors
Lee Bolton Monier - Wllllams
l The Sanctuary
Westminster
London
SWIP 3Jr
Page 10

HOCKERXLL EDUCATIONAL FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2023
REFERENCE AND ADMINISTRATIVE DETAILS
Investment Managers
CCIA Investment Management Limited
One Angel Lane
London EC4R 3AB
M & G Securltles Llmlted
10 Fenchurch Street
London EC4M SAG
Bankars
8arclay5 Bank PLC
10 North Street
81shop's Stortford
Herts CM23 2LH
STATEMENT OF TRU￿EE5, RESPONSIBILITIES
The trustees are responsible for preparlng the Report of the TrLJStees and the flnanclal Statements In
accordan￿ wlth appllcable law and United Klngdom Accounting Standards Iunlted Klngdom Generally
Accepted Accountlng Prartlce) Includlng Financial Reportlng Standard 102 'The Flnanclal Reportlng
standard appllcable In the UK and Republlc of Ireland"
The law appllcable to charitie5 in Enoland and Wales, the Charltles Art 2011, Charity (Accounts and
Reports} Regulations 2008 and the provlslons of the trust deed requlres the tnjstees to prepare financlal
statements for each financial year whlch glve a true and fair vlew of the state of affairs of the charity and
of the Incomlng resources and appllcatlon of resources, Includlng the Income and expendlture, of the
charlty for that perlod. In preparlng those flnanclal statements, the trustees art ￿qUired to
select sultable accountlng pollcles and then apply them conslstently;
observe the methods and principles In the Charlty SORP;
ake judgement5 and estimates that are reasonable and prudent-
prepare the flnanclal statements on the golng concern bas15 unless it is Inapproprfate to presume that
the charity will contlnue In buslness.
The trustees are responslble for keeplng proper accountlng records whSch dlsclose wlth reasonable
accuracy at any time the financlal posltlon of the charlty and to enable them to ensure that the financlal
statements comply wlth the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and
the provlslon5 of the trust deed. They are also responsible for safeguardlng the assets of the charity and
hence for taklng reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the board of trustees on
by.,
and slgned on Its behalf
tustee
Page 11

REPORT OF THE INDEPENDENT AUDXTORS TO THE TRUSTEES OF
HOCKERILL EDUCATIONAL FOUNDATION
Opinion
We have audlted the financlal statements of Hockerill Educational Foundation (the 'charity') for the year
ended 31st March 2023 whlch comprise the Statement of Financial Actlvlties, the Balance Sheet and
notes to the flnancSal statements, including a summary of signlflcant accounting pollcles. The financlal
reportlng framework that has been applied in thelr preparation is appllcable law and United Kingdom
Accounting Standards (United Kingdom Generally Accepted Accounting Prattice), including Financial
Reporting Standard 102 The Flnancial Repprtlng Standard app5icable In the UK and Republic of Ireland..
In our oplnlon the financlal statements:
give a true and fair view of the state of the charity's affalrs as at 31st March 2023 and of Its Incom5ng
resources and appllcation of resources, for the year then ended;
have been properly prepared In accordance with Unlted Kingdom Generally Accepted Accounting
Practice, includlng Financial Reporting Standard 102 The Flnancial Reporting Standard appllcable In
the UK and Republic of Ireland and
have been prepared in accordan￿ wlth the requirements of the Charities Act 2011.
Basls for oplnlon
We conducted our audlt In accordance wlth Internatlonal Standard5 on Audltlng (UK) (15As (UK)) and
applicable law. Our responsibilities under those standards are fijrther descrlbed In the Audltors,
responslbllitles for the aut11t of the financial statements section of our report. We are independent of the
charlty In accordance wlth the ethlcal requlrements that a￿ relevant to Liur audit of the financial
statements In the UK, includSng the FRC'S Ethical St8ndard, and we have fijlfllled our other ethical
re5ponslbllltles In accordance wlth these requlrements. We belleve that the audlt evldence we have
obtained 1$ sufflclent and approprlate to pmvlde a basls for our oplnlon.
Concluslon5 relatlng to going concern
In auditing the flnanclal Statements, we have concluded that the trustees, ijse of the golng concern basls
of accounting In the preparaticn or the flnandal statements Is approprlate,
Based on the work we have performed, we have not Identlfled any material uncertalntles relètlng to
events or condltlons that, individu•lly or collectlvelyi m¥y ¢8$t slgnificant doubt on the charity's ability to
contlnue as a golng concern for a perlod of at least twelve months from when the financial statements are
authorlsed for Issue.
Our ￿spOnsIbIlItIeS and the responslbilities of the trustees with respect to golng concern are descrlbed In
the relevant sectlons of thls report.
Oth•r Informatlon
The trustees are responslble for the other Informètlon. The other Informatlon comprlses the Informatlon
Included In the Annual Report, other than the flnanclal statements and our Report of the Independent.
Auditors thereon.
Our opinion on the financial statements does not cover the other informatlon and, except to the extent
otherwise expllcltly stated In our report. we do not express any form of assurance concluslon the￿on.
In connertlon with our audlt of the flnanclal statements, our respDnslbility Is to reaij the other Informatlon
and, In doing so, conslder whether the other Information is materlally inconsistent wlth the flnanclal
statements or our knowledge obtalned in the audit or otherwise appears to be materially mi55tited. Tf we
Identify such material inconsistencies or apparent matertal mls5tatement5, we are requlred to determlne
whp.ther this gives rlse to a material misstatement In the financial statements themselves. If. based on
the we have performed wé conclud¢ that there is a rnaterijl miB¥t•t•rnent of this other infgrm4tipn.
we are requlred to report that ratt. We have nothlng to report In thls ￿gard.
Matters on whlch we are requlred to report by exceptlon
We have nothing to report in respect of the following matters where the Charltles (Accounts and Reports)
Regulatlons 2008 requlres U5 to report to you If, In our opinion:
the Informatlon given in the Report of the Trustees Is Inconslstent In any material respect with the
flnanclal statements; or
5ufflclent accountlng records have not been kept; or
the flnancial statements are not in agreement with the accountlng records and retums. or
we have not received all the information and explanatlons we require for our audit.
Pa9e 12

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
HOCKERILL EDUCATIONAL FOUNDATION
Responslbllltles of trustees
As explalned more fully In the Statement of Trustee5' Responsibilities, the trustees are responsible for the
preparatlon of the flnanclal statements which give a true and fair view, and for such internal control as
the trustees determine is necessary to enable the preparatlon of financlal statements that are f￿e from
material misstatement. whether due to fraud or error.
In preparing the flnanclal statements, the trustees are re5ponslble for assesslng the charlty's ability to
contlnue as a golng concern, disclosingj as applicable, matters related to going concern and uslng the
going concern basis of accounting unless the trustees elther Intend to Ilquldate the charlty or to cease
operations, or have no realistlc alternative but to do so.
Our responslbllltles for the audlt of the flnan¢lal statements
We have been appointed as auditors under Section 144 of the Charitie5 Act 2011 and report in
accordance with the Art and relevant regulations made or having effert thereunder.
Our objectlves are to obtain reasonable assurance about whether the financlal statements as a whole are
free from materlal mlsstatement, whether due to fraud or error, and to Issue a Report of the Independent
Auditors that Includes our opinion. Reasonable assurance 15 a high level of assurance, but is not a
guarantee that an audit conducted in accordance with ISAS (UK) will always detect a material
mlsstatement when It exlsts. Mlsstatements can arise from fraud or error and are considered rnaterlal If,
individually or in the aggregate, they coulrj ￿aSonablY be expacted to Influence the economlc declslons of
users taken on the basis of these financial statements.
The extent to whlch our procedures are capable of detectlng Irregularltles, Includlng fraud Is detalled
below:
We have designed our work to ensu￿ that laws and ￿QLlIatIonS have been adhered to, and the
transactlons undertaken by the Charlty are properly reflected In the flnanclal statements,
We have obtained a detailed understsndlng of the Charity's Internal control systems and we have used
the knowledge gained to Identify any areas of risk of mis-statement or fraud. We have then deslgned gur
audlt tests In each area to Identlfy whether In respect of the transactlons we have selected for testlng the
relevant controls have operated as expecied.
A further description of our responsibilities for the audit of the financlal statements Is locatÈd on the
Financial Reporting Councll's website at www.frc.org.uklauditorsresponsibllitles. Thls descrlptlon forms
part of our Report of the Independent Audltors.
Use of our report
Thls report is made solely to the charfty's trustees, as a bodyi In accordance wlth Part 4 of the Charftles
(Accounts and Report5) Regulations 2008. Our audit work has been undertaken so that we mlght state to
the charity's tnJ5tees those matters we are required to State to them in an auditor5, report and for no
other purpose. To the fullest extent permltted by law, we do not accept or assume respon5iblllty to
anyone other than the charity and the charity's trustees as a body. for our audit work, for thls report, or
for the oplnlons we have formed,
Clemence Hoar Cummlng5
Chartered Accountants and statutory Auditor
Rlv¢rsid4 Houso
1-5 Corno Street
Romford
Essex
RM7 7DN
Date.,
Page 13

HOCKERILL EDUCATIONAL FOUNDATION
srATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST MARCH 2023
2023
Total
funds
2022
Total
funds
Unrestrltted Endowment
funds
fvnd
Notes
INCOME AND ENDOWMENTS FROM
Charitable attivitie5
55
55
65
Investment income
356,102
356,102
328,971
Total
356,157
356,157
329,036
EXPENDITURE ON
Charltablé actlvltl•s
Grant fundlng of actlvltles
Support Costs
289,722
41,981
289,722
41,981
290,418
42,196
Total
331,703
331,703
332,614
Net galns1(losses) on Investments
(7,525) (510,102) (517,627)
656,508
NET INCOME/(EXPENDITURE)
16,929
{510,102) (493.173)
652,930
RECONCILIATION OF FUNDS
Total funds brought forward
135,708 8,253,156 8,388,864
7,735,934
TOTAL FUNDS CARIUED PORWARD
152.637 7,743,054 7,895,691
8,388,864
The notes form part of these financial statements
Page 14

HOCKERILL EDUCATXONAL FOUNDATION
BALANCE SHEET
31ST MARCH 2023
2023
Total
funds
2022
Total
funds
Unre5trlcted Endowrnent
funds
fund
Notes
FIXED ASS￿5
Investments
115,593 7.743.054 7.858,647
8,376,273
CURRENT ASSETS
Cash at bank
40,156
40,156
15,555
CREDITORS
Amounts ralllng due wlthln one year
(3.112)
(3,112)
(2,964)
NET CURRENT ASSETS
37,044
37.044
12,591
TOTAL ASSETS LESS CURRENT
LIABILrrIES
152,637 7,743,054 7,895,691
8,388,864
NET ASSETS
152,637 7,743,054 7,895,691
8,388,864
FUNDS
Unrestricted funds
Endowment funds
io
152,637
7,743,054
135,708
8,253,156
TOTAL FUNDS
7,895,691
8,388,864
The fina
clal statements were approved by the Board of Trustees and author15ed for 155ue on
and were signed on its behalf by:
rustee
[ VS+4
The notes fomi part of these flnanclal statements
P?ge 15

HOCKERILL EDUCATIONAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2023
ACCOUNTING POLXCXES
Basls of preparlng the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been
prepared In accordance wlth the Charltles SORP (FRS 1021 'Accountlng and Reportlng by Charltles..
Statement of Recomrnende(I Practice applicable to charitles preparlng thelr account5 In accordance
wlth the Flnanclal Reportlng Standard appllcable In the UK and Republic of Ireland (FRS 102)
(effectlve l January 2019),, Flnanclal Reporting Standard 102 'The Flnancial Reportlng Standard
applicable In the UK and Republlc of Ireland. and the Charlties Act 2011. The flnanclal statement5
have been prepared under the hlstorlcal cost convention, with the exception of investrnents which
are Included at market value.
Incom•
All income 55 recognlsed In the Statement of Ffjnanclal Actlvltles onte the charlty has entitlement to
the funds, It Is probable that the Income will be recelved and the amount can be measured rellably.
Expendlture
abilltles are recognised 45 expenditure as soon as there Is a legal or eonstructlve obligation
committing the charity to that expentllture, It Is probable that a transfer of economlc beneflts will
be requlred in settlement and the amount of the oblSgatSon can be measured rellably. ExpendSture
Is acccunted for on an accruals basls and has been classlfled under headlngs that aggregat* all
cost related to the category. Where costs cannot be dlrectly attrlbuted to partlcular headlngs they
have been allocated to actlvltles on a basls conslstent wlth the use of resources.
Provision for grants is made In fvll In the year of their approval.
Govemance costs
Governance costs are the costs assoclated wlth the govemance arrangements of the charlty, whlch
relate to the general runnlng of the charfty as opposed to those costs assoclated wlth charltable
actlvity. Ineluded wlthln thls category are cost5 assoelated wlth the strategic 8$ opposed to
day-to-day management of the charlty's actlvltles.
Allocatlon and apportlonmont of costs
The charity attributes 90% of administrative 5UPPOrt costs such as staff and office cost5 to Its
charitabl¢ actlvltles, and 10% to the governance of the ¢harlty* on the basls of employment hours.
Taxatlon
The charity is exempt from corporatlon tax to the extent thèt any Income and gèlns on Its
charitable actlvltles are applied to its charitable obJettlves.
Fund accountlng
The endowment fund represents those assets whlch must be held permanently by thÈ charltyi
princlpally Investment5. Income arf5ing on the endowment fund can be used In accordance with
the objects of the charlty and Is Included as unrestricted income. Any capltal galns or losses
arising on the investments form a part of the fvnd. Investment management charges and legal
¥dvlce relatlng to the fund, are charged against the fund.
Unrestricted funds comprfse those funds whlch the trustee Is f￿e to use In accordance wlth the
charitable otsJecLS,
Deslgnated funds are unrestrtcted funds, set aslde by the trustee for a partlcular purpose.
Investments and investment income
Investments are stated at market value at the balance sheet date.
When investments are dlsposed of, the cost of each unlt Is taken to be the average cost of the
units immedlately prior to the disposal. The galns or losses on dlsposal are added to the fund from
which the Investment was made. Any gain or 1055 on revaluatlon 15 taken to the statement of
rinancial activities. Investment income is accounted for In the period in which the charity 15 entitled
to the receipt.
Page 16
continued...

HOCKEIULL EDUCATIONAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - contlnued
FOR THE YEAR ENDED 31ST MARCH 2023
INVESTMENT INCOME
Year
Ended
31.3.23
Year Ended
31.3.22
Dlvldends C8F Investment funds
DSvidends - CBF property funds
Dividends - Charifun(J investment funds
Interest on cash deposits
88,606
38.746
227,266
1.484
86,025
38.746
204,131
69
356,102
328,972
CHARThABLe ACTIVITIES COSTS
Grant
funding of
activitie5
(see note
Support
costs
4)
Totals
Grant fundlng of actlvitles
Support Costs
289,722
289,722
41.981
41.981
289,722
41,981
331,703
fjRANTS PAYABLe
2023
2022
Grant funding of aLtivltles
289,722
290,418
The total grants pald to Institutlons durlng the year were as follows..
Year Ended Year Ended
31.3.23
31.3.22
Dloce5e of Chelrnsford
Dlocese of St Alban5
other Corporate Grants
105,000
105,000
39,577
loo.000
loo.000
28.950
249,577
228,950
(The grants actually pald durlng the perlod to 31 Mèrcl) 2022 are listed on pages 2-4 of the
Tru5l'ees Report)
Page 17
continued...

HOCKERILL EDUCATIONAL FOUNDATION
NOTES TO THE FINANCIAL sfATEMENTS - eontlnued
FOR THE YEAR ENDED 31ST MARCH 2023
TRusfEES' REMUNERATION AND BENEFITS
There were no trnstees, remuneration or other beneflts for the year ended 31st March 2023 nor for
the year ended 31st March 2022.
Trustees, expense•
Travel expenses amountlng to £152 {2022 - £104) were pald to 4 12022 3) Councll Members
durlng the year. The c05t of Tru5tee5 meetings during the year amounted to £125 (2022 É343).
srAFF COSTS
The average monthly number of employee5 during the year was as follows..
2023
2022
Office
No employees received emoluments In excess of £60,000.
COMPARATIVES FOR THE STAYEMENT OF FINANCIAL ACTIVITIES
Unre5trlcted Endowment
funds
fund
Total
funds
INCOME AND ENDOWMENTS FROM
Charitable artlvltles
65
65
Investment Income
328,971
328,971
Total
329,036
329,036
EXPENDITURE ON
Charltabla actlvitie$
Grant fundSng of activltles
Support Costs
290,418
42,196
290,418
42,196
Total
332,614
332,614
Net galns on Investments
32,382
624,126
656,508
NET INCOME
28,804
624,126
652,930
RECONCXLIATION OF FUNDS
Total funds brought forward
106,904
7,629,030
7,735,934
TOTAL FUNDS CARRIED FORWARD
135.708
8,253,156
8,388.864
Page 18
continued...

HOCKERILL EDUCATIONAL FOUNDATION
NOTES TO THE FINANCZAL STATEMENTS- continued
FOR THE YEAR ENDED 31ST MARCH 2023
FIXED ASSET INVESTMENTS
Investments are held In the CBF funds at CCLA Investment Management Umlted, and in Chartfund
at M&G Securltles Llmited.
Iftvostme
nt Fund
Property
Fund
Charlfund
Total
Market value at 1st
April 2022
3.172.927
903,775
4,299.573
8.376.275
Addltlonsl(Dlsposals)
Change in value
during the year
(112,740)
(142,128)
1262,759)
(517,627)
Market value at 31st
March 2023
3,060.187
761,647
4,036,814
7,858,648
Historical cost..
At 31 March 2023
261,904
883,174
3,137.565
4,282.643
At 31 March 2022
261,904
883,174
3,137,565
4,282,643
The loss on Investments reported above are unreallsed, thls change In value reflects the volatility
In the market value as at the year ended 31st March 2023.
CREDITORS: AMOUNTS FALUNG DUE WITHXN ONE YEAR
2023
2022
Audit fee
Fee to Corporate Trustee
2,801
311
2,676
288
3,112
2,964
10. MOVEMENT IN FUNDS
Net
movement
In funds
At
31.3.23
At 1.4.22
Unrestricted funds
General fund
135,708
16,929
152,637
Endowrnent funds
Endowment Fund
8.253.156
(510.102) 7,743.054
TOTAL FUNDS
8,388,864
(493,173) 7,895,691
Page 19
contlnued...

HOCKERILL EDUCATIONAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023
io.
MOVEMENT IN FUNDS- ¢ontlnu•d
Net movement In funds, included in the above are as follow5-
Incomin9
resources
Resources
expended
Gains and
105ses
Movement
In ftinds
Unmstrlcted fund$
General fund
356,157
{331,703)
17,525)
16.929
Endowment funds
Endowment Fund
(510,102) (510,102)
TOTAL FUNDS
356,157
(331,703) (517.627) (493.173)
CompJr4tlve$ for mov•m•nt In funds
Net
movement
in funds
At
31.3.22
At 1.4.21
Unrestrlcted fund$
General fund
106,904
28,804
135,708
Endowm•nt funds
Endowment Fund
7,629,030
624.126
8,253,156
TOTAL FUNDS
7,735.934
652,930
8,388,864
Comparatlve net movement In funds, Included in the above are as follows:
Incoming
sources
Resource5
expended
Gains ond
losses
Movement
In funds
Unrestrlcted funds
General fund
329.036
(332.614)
32.382
28.804
Endowment funds
Endowment Fund
624.126
624,126
TOTAL FUNDS
329.036
(332.614)
656,508
652,930
Page 20
contlnued...

HOCKEIULL EDUCATIONAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2023
10. MOVEMENT IN FUNDS - continuod
A current year 12 months and prlor year 12 months combined posltlon Is as follows:
Net
movement
In funds
At
31.3.23
At 1.4.21
Unrn$trl¢ted funds
Generdl fund
106,904
45,733
152,637
Endowrnént funds
Endowment Fund
7,629,030
114,024
7,743,054
TOTAL FUNDS
7,735,934
159,757
7,895,691
A current year 12 months and prlor year 12 months eamblned net movement In funds, Included In
the above are as follows:
Incoming
resources
Resources
expended
Galns and Movement
losses
In funds
Unrestrlcted funds
General fund
685,193
(664,317)
24,857
45,733
Endowment funds
Endowment Fund
114,024
114,024
TOTAL FUNDS
685.193
1664,317)
138,881
159,757
11. RELATED PARTY DZSCLOSURES
The Hockerill Educatlonal Foundatlon Is administered anfl managed under a scheme approved and
establlshed by the Charlty Commlsslon for England and Wales on 19 Aprll 1988. The Investments
of the Foundatlon are held In the name of the Hockerlll Educatlonal Company Llmlted as Trustee
of the Charity. All the dlrertors of the Hockerill Educatlonal Company LimitÈd are members of the
Councll of the Hockerill Educatlonal Foundatlon.
Durtng the year, the Foundatlon was charged £324 (2022 £301) by the Hockerlll Educatlonal
Company Limited in respect of custodlan expenses. At 31 March 2022 £324 (2022 - £301) w8$
from thE Foundatson to the Hockorlll Cdurutlon•l Compprby Lirnited.
Two Councll Members are Blshops from the Dloceses of Chelmsford and St Albans. Two Covncll
Members are Archdeacons and two are Directors of Education of these dioceses. fheir names and
details are glven on page 11 of the Report and Financlal Statements. Durfng the perfod. grants
were paid to Chelmsford Dlocese totalling £105,000 {2022 £100,000) and to St Albans
Dlocese totalllng £105,000 (2022 £100,000).
Grant awards In respett of the perlod to 31 March 2023 are shown In note 4.
Page 21

HOCKERILL EDUCATIONAL FOUNDATION
DEfAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST MARCH 2023
2023
2022
INCOME AND ENDOWMENTS
Charitable a¢tlvit¢es
Donatitsns
55
65
Inve•tment Income
Investment Income
356.102
328.971
Total Incomlng resources
356,157
329,036
EXPENDrruRE
Charltabl¢ actlvltl¢$
Grants to institutions
Grants to individuals
249.577
40,145
228,950
61.468
289,722
290,418
Support costs
Human r¢sour¢o$
Wages
34.144
35.144
other
Insurance
Office supplies, post & tel
Computer/ website costs
staff travel expenses
ACCT and RE councll mernbershlp
353
2,622
529
94
830
327
1,987
344
94
893
4,428
3,645
Transf•r of Governance Costs
Wages
nsuran
Offlce supplle5, P05t & tel
Computer / website cost5
staff travel expenses
ACCT and RE councll membershlp
(3,415)
(35)
(260)
(53)
(9)
(83)
(3,514)
133)
(199)
(34)
(9)
(89)
(3.855)
(3.878)
Govemance costs
Tru5tee5' expense5
Audltors, remuneratlon
Auditors, romuncratlon for non audlt work
Governance Support Costs
Costs of Trustees meetings
172
801
311
3,855
125
104
2,672
288
3,878
343
7.264
7,285
Total resources expended
331,703
332,614
t4et Income/(expendlture)
24,454
(3,578)
This page does not fomi part of the statutory financial statements
Page 22