REGISTERED CHARITY NUMBER: 311018
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
FOR
HOCKERILL EDUCATIONAL FOUNDATION
Clemence Hoar Cummings
Chartered Accountants and Statutory Audltor
RSverslde House
1-5 Como Street
Romford
Essex
RM7 7DN

HOCKERILL EDUCATIONAL FOUNDATION
CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
Page
Report of the Trustees
I to 11
Report of the Independent Audltors
12 to 13
Statement of Financial Activities
14
Balance Sheet
15
Notes to the Flnanclal Statements
16 to 21
Detailed Statement of Flnanclal ActlvltSes
22

HOCKERILL EDUCATIONAL FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31sr MARCH 2024
The trustees present their report with the financial statements of the charity for the year ended
31st March 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities:
statement of Recommended Practlce applicable to charlties preparlng their accounts in accordance with
the Flnanclal Reportlng Standard applicable in the UK and Republic of Ireland (FRS 102) (effectlve I
January 2019).
OBJECTIVES AND ACTIVITIES
General
From Its Inceptlon the Foundatlon has allocated approximately two-thlrds of Its annual grant fundlng to
the church's educatlonal work in the Dloceses of Chelmsford and St Albans, from whlch the orlglnal
fundlng of the college was ralsed, and one-third to other corporate grants and grants to individuals. The
Charlty Invltes appllcatlons for grants to be made by a published closing date, taklng active steps to
promote knowlodge of its grants through charity directories, publlc websites, its own webslte and by
maklng Informatlon dlrectly available to approprlate colleges and rellglous educatlon networks.
The Charity's corporate grants are made on both a natlonal and an Internatlonal basls; we help RE
teachers In the UK by sponsoring RE infrastructure and are actively seeking a new overseas partner. The
Charity's individual grants help trainee teachers throughout the UK whether they are studylng full-tlme,
part-tlme or via the Open Unlverslty.
The allocatlon to the two Dloceses In the perlod covered by thls report and accounts was £IIO,000 to
each Diocese.
Page I

HOCKERILL EDUCATIONAL FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2024
OBJECTIVES AND ACTIVITIES
Grants in support of the church's educational work
A major part of the Foundation's objective is to support the Church of England's educatlonal work,
partlcularly In the Dloceses of Chelmsford and St. Albans. Grants are always made far speclflc
proorammes or projects.
Diocese of St Albans:
To St Albans Dlocesan Board of Educatlon
7 grants
To support the work of the Dlocesan RE Adviser . 5upportlng the work of
SACRES in Hertfordshlre, Bedford Borough, Central Bedfordshlre and Luton;
The dellvery of Professlonal Development to RE subject Leaders; The
development of advlce guldance and resources to support the non-speciallst
teachlng of Christianity wlthln RE; Leadlng the development of hlgh quality RE
across all schools In Central Bedfordshlre and Bedford Borough through the RE
Soclety of Bedfordshlre,
Tralnlng and Development (HIS) .'Development of actlvltles to support
wellbeing of RE subject leaders (£750); Development of working relatlonshlps
with the Cathedral Learnlng Department to Include shared tralnlng actlvltles
such as an annual "away day" for upper KS2 puplls to explore thelr splrltuallty
at St Albans Cathedral (£1,500); The dellvery and extenslon Df InspiREd - a RE
subject leader development programme run Jolntly by the Dloceses of St
Albans and Canterbury (£5,000) - to all reglons wlthln the RE South East
Groupi Includlng secondary provision
Distlnctlve Chrlstlan Character (H13) :To fund the dellvery of a serles of
regional tralnlng events for pupll leaders of worship {£750), Development and
delivery of "Heart for the Earth" a curated resource whlch will allow schools to
theologlcally reflect on cllmate change and plan to reduce carbon emlsslons
(£5,000); To reduce the carbon footprlnt of the VA school estate by Informlng,
resourclng and Inltlatlng carbon reduction schemes {£2,600); To facllltate the
delivery of the 2023 Headteacher Conference on the theme of raclal equallty
and Justlce (£3,750); To support the creatlon of antl-raclst resources to
support schools promote raclal Justlce and dlverslty across the school
communlty (£l,000}
Speclal Servlces in the Cathedral {H02) :To enable the DBE to undertake
special acts of worshlp, Includlng Harvest Festival in St Albans Cathedral. Thls
grant funds aspects of the costs assoclated with running major events,
Includlng AV equlpment, PA system, toilet hlre and transport costs for
dlsadvantaged chlldren who would otherwise be unable to attend.
SIAMS Inspectlon and Management (H03) .' Support the natlonal SIAMS
adm Inlstratlve and quality assurance programme {£6,500); To facllitate the
purchase of the Groves booklet introduclng the new SIAMS framework (Sept
2023) (£500)
Church School Leadershlp Development {H14) Thls grant Is deslgned to
support the development of leadersh5p across the Dlocese's 138 church
schools. It will undertake thls flexlbly accordlng to need and will Indude some
or all of the following The opportunlty to allow headteachers who have
experlenced challenging pastoral clrcumstances to attend the Dlocesan
Headteacher Retreat {£2,800); To facllltate attendance at the Chelmsford
Church School Leadership Course (£2,400)
To support the work of the Asslstant Schools Officeri particularly :Developlng
and Launchlng activities, under the working title 'Heart for the Earth, that are
allgned with Growlng Falth and allow the DI0￿se of St Albans to Grow
YoungerLlalslng wlth the 'Alban Way, Lead to promote young
vocations. Facilitating courses on RE, Christian distinctiveness, Christian ethos,
leadership in church schools, aspirant church school leaders.Communicatlng
the work of the DBE and its Schools through social media and the termly
newsletter.
50,000
7,250
13,100
2,450
7,000
5,200
25,000
£iio,000
Total of Diocese of St Albans Awards:
Page 2

HOCKERILL EDUCATIONAL FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2024
OBJECTIVES AND ACTIVITIES
Diocese of Chelmsford:
To Chelmsford Diocesan Board of Education
13 grants
SUPPORTING THE WORK OF THE DIOCESAN RE ADVISER:RE advice, guidance
and support for 139 schools withln the Dlocese; Networking opportunities for
teachers and RE Leadssupport to MAT partners on RE currlculum development.
Support work to SACRES and oversee CofE representatives
SUPPORTING THE WORK OF THE DIOCESAN CW ADVISER:Hlgh quallty support
on CW to 139 Church Schools withln the Dlocese; Access to and promotlon of CW
resources; Networklng opportunities for CW leaders
SIAMS INSPEcfIoN:Support for Natlonal SIAMS Administratlon and qualltv
assurance Programme
DBE TO SCHOOL COMMUNICATIQN (Support to Education Support
Offlcer): Provlsion of Targeted communlcatlon through newsletters and e-bulletlns;
Malntenance and updating of DBE webslteDevelopment of soclal medla proflle,.
Management of Learnlng & Development programme
GLOBAL LINKS:Contlnued development of links wlth Kenya - fundlng to support
travel for key dlocesan staff
CATHEDRAL SERVICES:Enable the use of the Cathedral for speclflc servlces such
as Year 6 leavers service. HT Commlsslonlngl Celebration of HT'S, Dlverslty &
InclusSon Pupll Day
SUPPORTING THE WORK OF THE CHILDREN & FAMILIES EARLY YEARS
ADVISER.'Advlce, support and guldance to Early Years settings across schools and
churches, Networking opportunltles; Provlslon of hlgh quality CPD to Early Years
settlngs across schools and churches
MISSEON IN SCHOOLS, CHURCHES, AND HOMES'.Development of Growlng Falth
opportunltles In partnershlp wlth the Chlldren,Youth & Famllles Team
SCHOOL GOVERNANCE CONSULTANT:CPD programme and networklng
opportunltles for school governors. Bespoke support to Governlng
Boardsmentoring support for new Chalrs of Governors; Provlslon of In-llne
Inductlon materlals; Support wlth pollcy development and appolntment of
Foundatlon Governors
QuAL￿y ASSURANCE & DATA ANALYSIS'.Provision of Perspectlve Observatory
on-llne programme. Effectlve monltorlng of school performance and development
of Key Performance Indlcators (KPIS) resultlng In targeted use of DBE support
TRAINING & DEVELOPMENT:Support of Learnlng and development package to
schools Includlng termly Networking, bereavement & SIAMS Workshops
RAPID IMPROVENENT SUPPORT.'Pllot of Rapid Improvement Support for schools
In crlsls'Add ressing serlous Issues of leadership and governance. Utilising External
Revlews of Governance where needed
LEADERSHIP DFVEI.OPMENT:Provislon of annual Retreat Day for 5ervlng school
leaders. Annual HT conference - high quality spcakcrs. Antl-Racist trainlng - DBE &
schools
20,000
20,000
7,000
13,200
2,000
1,500
10,000
2,000
16,800
5,000
1,500
6,000
5,000
Total of Diocese of Chelmsford Awards:
iio,000
Page 3

HOCKERILL EDUCATIONAL FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2024
OBJECTIVES AND ACTIVITIES
Grantmaking
Grants to Indlvlduals
In awarding grants to Indivlduals, the Charity partlcularly trles to a&sist those student5 who, desplte the
avallabllity of loans, grants and other incentives from national and local government, would find It dlfflcult
to complete thelr courses because of special personal or flnancial clrcumstances. The Foundation also
regularly asslsts exlstlng RE teachers who wlsh to Improve their qualifications, often at considerable cost
to themselves. Grants are made to indlvlduals In the following categories, wlth a prlority to RelSglous
Educatlon, and wlth regard to the individual's fbnanclal need:
students and teachlng assistants taklno teaching qualificatlons, or flrst degrees leading to
teachlng.
teachers, teachlng asslstants and others In an educational capaclty seekSng professlonal
development through full-time or part-time courses.
students taking other flrst degre.e. courses, or courses in further educatlon.
those undertaklng research related to the practice of Rellglous Educatlon In schools or further
educatlon.
others involved In teachlng and leadlng In voluntarytr non-statutory educatlon, Includlng those
concerned wlth adult and Chrlstlan educatlon.
students from the dloceses of Chelmsford and St Albans undertaking gap year projects wlth an
educatlonal focus.
In 2023-24 grants totalllng £86,355 (£40,145 In 2022-23) were pald to 84 (43 In 2022-23) Indlviduals.
41 were tralnlng for prlrrbary educatlon, 43 for secondary educatlon, of which 10 were taklng higher
degree5 or dlplomas In education. There were no GAP year students supported In 2023-24. Of the 84
educatlon students, 39 were followlng courses elther directly or partly related to the teachlng of Rellgious
Educatlon, and 45 were taking other educatlon courses or professlonal development In educatlon.
students were followlng the Church School Leadershlp course run for the two Dloceses by the Dlocese of
Chelmsford,
In 2023-24 the number of grants awarded was almost twice as many as In the precedlng year. The maln
reason for thls was demand drlven In part by the cost-of-llvlng trlsls and the Trustees deslre to help
where posslble.
The grants provlded by the Charlty are there to help meet the costs of books, tralnlng materlals and fees
where the student Ss unable to meet these costs from statutory sources or from hls/her own resources.
Page 4

HOCKERILL EDUCATIONAL FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2024
OBJECTIVES AND ACTIVITIES
Corporate Grants for research and development In education:
The Foundatlon looks to support actlvltSes, courses, projects or research which are likely to beneflt
Religious Educatlon and the Church's educational work, with ernphasls on activlties which support the
work of teachers or other adults Involved in educatlon.
CULHAM ST GABRIELS - Masters Scholarshlp scheme. Continuing as a partner of
thls scheme. It is designed to offer a Bursary to RE Teachers and Teaching
Asslstants to do a part time Masters programme at selected Unlversltles. In 2023-24
the Bursary was £2,000 per year for up to two years.
SOLOMON ACADEMIC TRusf (Centre for Muslim-chrlstlan Studies) - Summer
School. The Summer School is desSgned to brlng Muslims and Chrlstlans together to
relate honestly and thlnk rlgorously through teachlng, research and public
educatlon. It is almed at future leaders, teachers and scholars.
CHURCH PASTORAL AID SOCIETY- Further support for the School Ventures
project's Natlonal Prografflme roll out. We dld not support them last year as they
relied almost completely on face-to-face Interactlons
NATRE - EARLY YEARS TEACHER SUPPORT PROGRAMME (ECT) Developed from
the experlence of the New2RE programme It Is deslgned to be better able to support
the new RE Teacher In hlslher fomiatlve years
SUThON SCHOOLS WORK TRUST- Funding towards continued development of the
servlce they offer to schools, and In partlcular the development of weekly assembly
vldeos whlch are belng integrated Into the servlce they provide to the borough
EDGI- HILL UNIVERSITY- Research by Heather Marshall Into Student Teacher
Recruitment for ITh Secondary RE to Identify the reasons why an Increaslng
proportion of those who apply are reJected.
12,000
5,000
5,000
5,436
4,000
1,750
Total of Corporate Grants:
£33,186
Total of individual grants:
£86,355
Total of all Grants: £339,541
The Foundatlon monltors the effectlveness of Its work by receivlng annual reports from organlsatlons
which receive grants, and by requlrlng Independent annual prog￿SS reports on Indlvlduals It supports
before any grant is renewed. Feedback from. tutors and students contlnues to show that even the
Ilm Ited grants provlded by the Foundatlon to Indlvlduals can make a vital difference to thelr study.
Durlng the year ended 31 March 2024 £339,541 (£289,722 in 2022-23) was dlstrlbuted In grants. The
cumulatlve totsl of grants dlstributed slnce the Charity was fornied in 1977 has now reached £8,789,315.
ACHIEVEMENT AND PERFORMANCE
Investment Pollcy
The Foundatlon's Investment prlorlty Is to malntain the real value of its capltal Investment over the long
term, but it also seeks sufflclent Income from investments to allow an Increase In grants distributed whlch
at least matches wage inflatlon measured over any five-year perlod.
Page 5

HOCKERILL EDUCATIONAL FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2024
ACHIEVEMENT AND PERFORMANCE
Performance
The Charity's pollcy Is that overall expendlture each year should normally match the Income forecast for
that year.
In 2023-24 Investment Income recelved Increased by 2.48% (compared wlth a 8.250A Increase In
2022-23), The value of Grants distributed In 2023-24 increased by 17.200/0 when compared with the
previous year (It decreased by 0.24% In 2022-23).
Whilst both the CCLA Property and Investment Funds income has remained statlc over the period of these
accounts, Income from Charlfund has agaln provlded a modest Increase.
The value of our Investments over the perlod of these accounts Increased by 2.100/0 (In the comparable
period In 2022-23 there was a decrease of 6.180h). The valuatlon of our Investments in the CCLA
Investment Fund has continued Its recovery whilst Charlfund was relatlvely static. The CCLA Property
Fund stlll glves some cause for concern in that, although the valuations are now tracklng our other
holdlngs, the income has remalned static
The pandemic has had Ilttle effect on our Investments durlng the period, but has been replaced by the
volatility In the markets caused by the continuing war In the Ukralne. The Finance Commlttee will
continue to monltor the sltuatlon closely.
FINANCIAL REVIEW
Prlnclpal fundlng sources
The FoundatSon's income derlves almost entlrely from endowed capltal invested wlth CBF Funds and
Charlfund. CBF Is a common Investment fund managed by CCLA Investment Management Llmlted, and
funds are Invested followlng the guldellnes of the Ethical Investment Advlsory Group. Charlfund, managed
by N&G Investments, Is an exempt unlt trust whlch Is a pooled fund for charitles. Charlfund excludes
tobacco companles from its portfollo. The Finance Commlttee regularly monitors the performance of
investments and reports to the Foundatlon Council. There has been no change in the allocatlon of funds
durlng the year. The Foundatlon does not engage in any slgnlficant fundralslngi though donatlons and
legacies, mainly from former members of Hockerill College, are occasionally received.
Reserves policy
These investments have provlded a relatlvely stable Income, but a reserve Is held to ensure that the
Foundatlon can (l) avold sudden reductlons in grant expendlture should Income fall; (2) respond
promptly to unforeseen requests to support causes whlch are central to the Foundation's remit; and (3)
meet the costs of rlsks for whlch the Foundatlon self-lnsures. In the 2011-12 financlal year the
Foundation undertook a revlew of Its Reserves Pollcy In the Ilght of the move from offerlng grant5 over a
number of years to that of annual grants whlch can be renewed on further appllcatlon In subsequent
years. To thls end It has adopted the following Reserves Pollcy: "The Reserves Pollcy of the Foundation Is
that a Reserve of £60,000 be malntalned, and that the move to thls pollcy should take place over
perlod of 3 to 4 years, l.e. by allocating Over the next 3 years a higher amount for grants tha n prevlouslyi
rather than movlng dlrectly to the new level of reserve by maklng a very large allocatlon to grants In one
year,
The Trustees as part of the change of year end declslon decided to malntaln thls reserve5 poIScy.
As part of Its ongolng stewardshlp The Flnance Committee revlews this pollcy every year.
In recent years a number of factots have arisen that affect the student environment In whlch the Hockerlll
Educatlonal Trust operates: l) A small but 51gnlficant number of Grants are not taken up as the students
concerned are unable to put together the finance package required to meet the total cost of their course.
and 2) Universities are maklng ever later offers of places In order to meet theSr target enrolments
resulting In an increasing number of late applications for grants. The advent of the Covld -19 pandemlc
has added an extra layer of complexlty to thls environment. Consequentially all these factors have
contributed to the difficulty in reaching our target reserve. The Finance Committee and the Grants
Committee wlll continue to monStor thls situation closely.
Page 6

HOCKERILL EDUCATIONAL FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2024
FUTURE PLANS
As in previous years the Charity will continue to monitor and adapt Its programme of grants for
Individuals to ensure its funds are used to best effect.
The Charlty will contlnue to 5UPPOrt the educational objectlves of our two Dloceses through the block
grants it provide5.
The Charity will continue, where posslble, to respond to the Corporate grant requests it receives as long
as these requests are In line with its charitable objectives. Some examples of the Corporate projects
supported during 2023-24 are described below.
In 2023-24 we continued as 3 partner in the Masters Scholarship Scheme, run on behalf of the Ac￿ by
the Culham St Gabriels Trust. The scheme provldes grants to serving RE Teachers and Teaching
Asslstants to help them improve thelr qualifications to Masters Degree level via part tlme courses at
selected Universities.
This scheme 55 SUPPOrted jointly by members of the ACCT and It shows our commltment to supportlng
the RE teacher post thelr Inltlal training.
The Charity also supports ecumenlcal schools work Inltiatlves by provldlng "seed corn" funding and In
2023-24 thls included CPAS - Schools Ventures Project and the Sutton Schools Work Project.
For the second year running we have provlded sponsorshlp for the Musllm-christian Summer School run
by the University of Oxford. It is designed to brlng together future leaders, teachers and scholars from
both faiths In a Summer School envlronment
The Charity's website contlnues to prove to be a very useful asset in contactlng prospective grantees and
In provldlng them with the latest inforniatlon about the Foundatlon, Its obJectlves and the grant process.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charlty Is controlled by Its governing document, a deed of trust, and constltutes an unlncorporated
charity.
Hockerlll College, Blshop's Stortford, was founded In 1852 to train women teachers who "would go to
schools In the seNlce of humanlty" The College was provided by the Diocese of Rochester ancl much of
the money requlred was raised by subscrlption in Essex and Hertfordshlre, which were at that tlme In that
Diocese. Over the followlng 125 years the provision of education and attitudes towards It changed as
both Church and State assumed an Increaslng responsibility for a natlonal network of primary schools, for
the provision of secondary schools, and for the tralnlng of teachers.
In 1976 it was deC￿ded that fewer teachers would be required for training, and the Sec￿tary of State for
Education and Science directed that Hockerill College and a number of other similar colleges "should have
no further Intake of students...and that the long and honourable history of these Colleges should be
brought to a close.
The HockerS11 Educational Foundation was establlshed to perpp.tuate the name of the
College and the intentSon of its Founders.
Page 7

HOCKERILL EDUCATIONAL FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Objectives and aims
The object of the Charlty is the advancement of either higher or further educatlon or both in one or more
of the following ways:
(a)
the promotion of the education and training of persons who are, or intend to become,
engaged as teachers or otherwise in work connected wlth religious education,,
the promotlon of research in, and development of, rellglous educatlon;
the provlsion and conduct, or asslstance in the provlslon and conduct of a chapel and
chaplaincy provldlng for students, religious worshipi Instruction and care.
(d) the promotion of education by the provision of instruction, classes, lectures, books, Ilbraries
and readlng rooms.
making grants to young persons In need of financial asslstance to enable them to attend an
e5tabllshment of hlgher or further education or otherwise to pursue their educatlon. and
such other ways as the Trustee may from time to tlme determlne.
(b)
(c)
(e)
(f)
In furtherlng the object speclfied above the Charlty shall:
(a)
act Ill such a manner as wlll advance educatlon In accordance wlth the doctrlnes, rites and
practlces of the Church of England; and
(b) have regard to the needs of persor)s undergolng tralning as teachers.
The Charlty currently meets these objectives by maklng grants in the following areas..
(a)
Grants to Indlvidual teachers and others In an educatlonal capaclty, elther tralnlng to teach
or seeklng to develop thelr professional abllltles and qualiflcatlons, partlcularly in Religious
Educatlon
(b) Grants to Indlvlduals taklng other flrst degree or further educatlon courses, excludlng
courses whlch lead dlrectly to careers other than teaching.
(¢) Tralnlng and support for the Church's educatlonal work in the dloceses of Chelmsford and St
Albans
(d) Research, development and support grants to organisatlons In the field of Rellglous
Education.
The Foundatlon regards grant-making as Its main actlvlty and normally does not dlrectly undertake other
actlvltles. For Its flrst 25 years, until 2003, the Charlty also promoted an annual lecture on some aspect
of educatlon, ma ny of whlch have made a lastlng contrlbution to educatlonal debate, and coples are stlll
avallable from the charity. In 2010 the Charlty working wlth NATRE (the Natlonal Assoclatlon of Teachers
of Rellg lous Education introd uced the Hockerlll - NATRE Prlze for Innovatlon In RE Teaching. Thls Annual
Prlze was first awarded In the sprlng of 2011 In both the Primary and Secondary sectors (now
dlscontlnued).
The Charity Is a member of the RE Council of England and Wales whlttl reflects the support it gives to the
RE communlty.
The Trustees have referred to the guldance contalned In the Charlty Commlsslon's general guidance on
public beneflt when revlewlng Its alms and objectlves and In plannlng Its future actlvltles. In PBrtlcular,
the Trustees conslders how planned activltles wlll contrlbute to the alms and objettlves they have set.
Page 8

HOCKERILL EDUCATIONAL FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governance and Management
The Hockerlll Educational Foundatiori wa5 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 Commisslon on 19th April 1988. It 15 managed by the Hockerill Educatlonal
Company, a company limlted by guarantee, Incorporated under a memorandLJm and artlcles of
assoclatlon dated 29th July 1987, registered number 2151348. The Company is registered as a charity
number 297860.
The Dlrectors of the Hockerill Educatlonal Company are also members of the Hockerlll Foundation Councll.
Four directorsltrustees are ex officio, two each are appolnted for a period of flve years by the Bishops of
Chelmsford and St Albans, and four are appolnted for a perlod of four years by other bodles of the
Dioceses of Chelmsford and St Albans. There is provision for up to a further three trustees to be
co-opted, New trustees are normally experlenced trustees of other bodles; they recelve Induction in the
work of the Foundatlon and are offered such further tralnlng as trustees as may be necessary.
The Foundatlon Councll normally meets twice a year to determlne policy and strategyi and to monltor the
flnances and grant-mak5ng. In addition. the nnance committee normally meets tw1￿ a year to oversee
the Foundatlon's Investments, financlal management and audit, and to make budget and other
recommendations.
The grants commSttee meets normally twi￿ a year to conslder and approve
appllcatlons for grants. Operatlonal and financlal 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
pandemlc all these meetlngs moved on-line.
In 2023-24 we contlnued the policyi establlshed in
2022-23, of all mectlngs being held vlrtU(Illy apart from the November Hockerlll Foundatlon Council I
Hockerlll Educatlonal Company meetlng whlch was held In person.
The Foundatlon has Ilnks with the Dloceses of Chelmsford and St Albans, from whose areas the orlglnal
fundlng of the college was drdwn, and It Is a member of the Associatlon of Church College Trusts, a group
of trusts wlth slmllar orSglns and charltable alms.
The Councll has approved a Rlsk Management Pollcy for the charftyi settlng out the rlsks to whlch the
charlty Is exposed and the means by which the charlty seeks to manage these rlsks. This Is revlewed
annually by comparlng the exlstlng pollcy wlth current guldance offered by the Charity Commisslon.
changes were felt to be requlred thls year.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
311018
Prlnclpal address
3 The Swallows
Harlow
Essex
CN17 OAR
Page 9

HOCKERILL EDUCATIONAL FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2024
Trustees
Corporate Trustee:
The Hockerill Educational Company Limited
The following members of the Foundation Council, who are also Trustees of the charityi have
held office since l April 2023:
Chairman.
The Venerable Janet Mackenzie, Archdeacon of Hertford
Ex Officio:
The Right Reverend Dr Gull Francis-Dehqani, Blshop of Chelmsford
The Right Reverend Dr Alan Smith, Blshop of St Albans
Canon Davld Morton, Director of Education, Diocese of St Albans
Mrs Carrle Prior, Director of Education, Diocese of Chelmsford
Diocesan Trustees:
The Venerable Janet Mackenzie
The Venerable Robin Klng to 31 October
2023
Appointed by:
Blshop of St Albans
Bishop of Chelmsford
Nomlnatlve Trustees:
Mrs Anthea Kenna
Mrs Judy King
Mr David Lodge
Mrs Hannah Potter
Nominated by:
Chelmsford Diocesan Board of Educatlon
St Albans Diocesan Board of Education
St Albans Diocesan Board of Educatlon
Blshop's Councll of the Dlocese of St Albans
Co-opted Trustees:
Mr Colln 81rd
Janet Scott
Secretarv:
Mr Derek J Humphrey
3 The Swallows
Harlow
Essex CM17 OAR
Telephone., 01279 420855
Email: info@hockeri I Ifoundatlon.org.uk
Web: www.hockerillfoundation.org.uk
Auditors
Clemence Hoar Cummings
Chartered Accountants and Statutory Audltor
Riverside House
1-5 Como Street
Romford
Essex
RM7 7DN
Solicitors
Lee Bolton Monler - Williams
l The Sanctuary
Westminster
London
SWIP 3JT
Page 10

HOCKERILL EDUCATIONAL FOUNDATION
REPORT OF THE TRUSTEES
FOR THE YEAR ENDED 31ST MARCH 2024
REFERENCE AND ADMINISTRATIVE DETAILS
Investment Managers
CCLA Investment Management Llmlted
One Angel Lane
London EC4R 3AB
M & G Securitles Llmited
10 Fenchurch Street
London EC4M SAG
Bankers
Barclays Bank PLC
10 North Street
Blshop's Stortford
Herts CN23 2LH
STATEMENT OF TRUSTEES. RESPONSIBILITIES
The trustees are responsible for preparlng the Report of the Trustees and the flnanclal statements In
accordance wlth appllcable law and Unlted Klngdom Accounting Standards (Unlted Kingdom Generally
Accepted Accounting pract1￿) IncludSng Financial Reportlng Standard 102 °The Financlal Reportlng
standa rd applicable in the UK and Republlc of Ireland"
The law appllcable to charitles In England and Wales, the Charitles Act 2011, Chartty (Account5 and
Reports) Regulatlons 2008 and the provlslons of the trust deed requlres the trustees to prepare financlal
statements for each flnancial year whlch glve a true and fair view of the state of affalrs of the charity and
of the Incomlng resources and appllcatlon of resources, Sncluding the Income and expendlture, of the
charlty for that perlod. In preparlng those flnanclal statements, the trustees are requlred to
select sultable accounting policles and then apply them conslstentlyi
observe the methods and princlples In the Charlty SORP;
make Judgements and estlmates that are reasonable and prudent;
prepare the flnanclal statements on the golng concern basis unless It Is Inapproprlate to presume that
the charlty wlll contlnue in business.
The trustees are responslble for keeplng proper accountlng records which dlsclose wlth reasonable
accuracy at any tlme the flnanclal posltlon of the charity and to enable them to ensure that the flnancial
statements comply with the Charltles Act 2011, the Charity (Accounts and Reports) Regulatlons 2008 and
the provlslons of the trust deed. They are also responsible for safeguardlng the assets of the charity and
hence for taking reasonable steps for the prevention and detectlon of fraud and other irregularlties.
Approved by order of the board of trustees on
by,.
and slgned on Its behalf
stee
Page 11

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
HOCKERXLL EDUCATIONAL FOUNDATION
Opinion
We have audited the financlal statements of Hockerlll Educational Foundation (the 'charlty') for the year
ended 31st March 2024 whlch comprise the Statement of Financlal Activities, the Balance Sheet and
notes to the financial staternents, Including a summary of signlficant accounting pollcles. The financial
reporting framework that has been applled in their preparatlon Is applicable law and Unlted Kingdom
Accounting Standards (Unlted Kingdom Generally Accepted Accounting Practice), Including Flnancial
Reportlng Standard 102 'The Financial Reportlng Standard applicable in the UK and Republic of Ireland,.
In our opinion the financlal statements:
give a true and falr view of the state of the charity's affairs as at 31st March 2024 and of Its Incomlng
resources and appllcatlon of resources, for the year then ended.
have been properly prepared in accordance wlth United Klngdom Generally Accepted Accountlng
Practlce, Includlng Financlal Reptsrtlng Standard 102 'The Flnancial Reportlng Standard applicable In
the UK and Fiepubllc of Ireland.; and
have been prepared in accordance with the requlrements of the Charitles Act 2011.
Basls for oplnlon
We conducted our audlt In accordan￿ wlth Internatlonal Standards on Audltlng (UK) (ISAS (UK)) and
appllcable law. Our responslbllities under those standards are further described in the Audltors,
responslbllltles for the audit of the flnancial statements sectlon of our report. We are Independent of the
charlty In accordance wlth the ethical requirements that are relevant to our audit of the flnanclal
statements In the UK, Includlng the FRC'S Ethlcal Standard, and we have fulfilled our other ethlcal
responsibilltles In accordance with these requlrements. We belleve that the audlt evldence we have
obtained is sufflclent and appropriate to provlde a basls for our Oplnlon.
Concluslons relating to golng concern
In auditlng the financial statements, we have concluded that the trustees, use of the going concern basls
of accountlng In the preparatlon of the financial statements Is approprlate.
Based on the work we have performed, we have not Identlfied any materlal uncertalnties relatlng to
events or condltlons that, Indlvldually or collectlvely, may cast significant doubt on the charity's abillty to
contlnue as a golng concern for a perlod of at least twelve months from when the flnanclal statements are
authorlsed for Issue.
Our responslbllities and the responsibilities of the trustees with respect to golng concern are descrlbed In
the relevant sections of thls report.
other informatlon
The trustees are responslble for the other Information. 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 flnanclal statements does not.cover the other Informatlon and, except to the extent
otherwlse expllcltly stated In our report, we do not express any form of assurance concluslon thereon.
In connectlon wlth our audlt of the financlal statements, our responslblllty Is to read the other Information
and, in dolng so, conslder whether the other Information Is materially Inconsistent with the flnancial
statcments or our knowledge obtalned in the audit or otherwlse appears to be materlally mlsstated, If we
identlfy Such material inconsistencles or apparent material mlsstatements, we are requlred to dctermlne
whether thls glves rlse to a material mlsstatement In the financlal statements themselves. If, based on
the work we have performed, we conclude that there is a materlal misstatement of thls other Informatlon,
we are requlred to report that fact. We have nothing to report In thls regard.
Matters on whlch we are requlred to report by exception
We have nothlng to report in respect of the following matters where the Charities (Accounts and Reports)
Regulations 2008 requires US to report to you if, In our opinion:
the informatlon glven in the Report of the Trustees is Inconslstent In any materlal respect wlth the
financlal staternents. or
suff(cient accountlng records have not been kept. or
the financial statements are not In agreement with the accounting records and returns; or
we have not received all the information and explanatlons we require for our audlt.
Page 12

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF
HOCKERILL EDUCATIONAL FOUNDATION
Responsibilities of trustees
As explalned more fully in the Statement of Trustees, Responsibilities, the trustees are responslble for the
preparatlon of the financlal statements which give a true and fair vlew, and for such internal control as
the trustees determine is necessary to enable the preparatlon of flnanclal statements that are free from
material mi55tatement, whether due to fraud or error.
In preparlng the flnancial statements, the trustees are responsible for assesslng the charlty's ability to
contlnue as B going concern, disclosing, as applicable, matters related to golng concern and uslng the
going concern basls of accounting unless the trustees either intend to Ilquidate the charity or to cease
operations, or have no realistic alternatlve but to do so.
Our responsibilitles for the audit of the flnancial statements
We have been appointed as audltors under Section 144 of the Charities Act 2011 and report In
ccordance wlth the Att and relevant regulatlons made or havlng effect thereunder,
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are
free from materlal misstatement, whether due to fraud or error, and to issue a Report of the Independent
Audltors that Includes our oplnlon. Reasonable assurance is a high level of assurance, but Ss not a
guarantee that an audlt conducted in accordance wlth ISAS (UK) wlll always detect a materlal
misstatement when It exists. Misstatements can arise from fraud or error and are consldered material If,
Indivldually or in the aggregate, they could reasonably be expected to Influence the economic decisions of
Users taken on the basls of Ihese flnancial statements.
The extent to whlch our procedures are capable of detecting Irregularltles, Including fraud is detalled
below:
We have designed our work to ensure that laws and regulations have been adhered to, and the
transactlons undertaken by the Charliy are properly reflected In the financial statements.
We have obtalned a detailed understanding of the Charlty's Internal control systems and we have used
the knowledge gained to identlfy any areas of rlsk of mls-statement or fraud. We have then deslgned our
audlt tests In each area to Identlfy whether in respect of the transactions we have selected for testing the
relevant controls have operated as expected.
A further description of our responslbllltles for the audlt of the financlal statements Is located on the
Flnanclal Reportlng Councll's webslte at www.frc.org.uk/auditorsresponslbllltles. Thls descrlption forms
part of our Report of the Independent Auditors.
Use of our report
Thls report Is made solely to the charlty's trustees, as a bodyr In accordance with Part 4 of the Charltles
(Accounts and Rcports) Regulations 2008. Our audlt work has been undertaken so that we mlght state to
the charlty's trustees those matters we are requlred to state to them in an audltors, report and for no
other purpose. To the fullest extent permitted by law, we do not accept or assume responslblllty to
nyone other than the charlty and the charity's trustees as a body, for our audlt work, for thls report, or
for the oplnlons we have formed.
Clemence Hoar Cummlngs
Chartered Accountants and Statutory Auditor
Rlverside House
1-5 Como Street
Romford
Essex
RM7 7DN
Date:
Page 13

HOCKERILL EDUCATIONAL FOUNDATION
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST MARCH 2024
2024
Total
funds
2023
Total
funds
Unrestricted Endowment
funds
fund
Notes
INCOME AND ENDOWMENTS FROM
Cha ritable activities
55
55
55
Investment Income
364,945
364,94S
356,102
Total
365,000
365,000
356,157
EXPENDITURE ON
Charitable activities
Grant fundlng of actlvitles
Support Costs
339,541
42,784
339,541
42,784
289,722
41,981
Total
382,325
382,325
331,703
Net galns/(losses) on Investments
(2,111)
166.705
164,594
(517,627)
NET INCOME/(EXPENDITURE)
(19,436)
166,705
147,269
(493,173)
RECONCILIATION OF FUNDS
Total funds brought forward
152,637 7,743,054 7,895,691
8,388,864
TOTAL FUNDS CARRIED FORWARD
133,201 7,909,759 8,042,960
7,895,691
The notes form part of these flnancial statements
Page 14

HOCKERILL EDUCATIONAL FOUNDATION
BALANCE SHEET
31ST MARCH 2024
2024
Total
funds
2023
Total
funds
Unrestricted Endowment
funds
fund
Notes
FIXED ASSETS
Investments
113,482 7,909,759 8,023,241
7,858,647
CURRENT ASSETS
Cash at bank
22.991
22,991
40,156
CREDITORS
Amounts falllng due within one year
(3,272)
(3,272)
(3,112)
NET CURRENT ASSETS
19,719
19,719
37,044
TOTAL ASSETS LESS CURRENT
LIABILITIES
133,201
7,909,759 8,042,960
7,895,691
NET ASSETS
133,201 7,909,759 8,042,960
7,895,691
FUNDS
Unrestricted funds
Endowment funds
io
133,201
7,909,759
152,637
7,743,054
TOTAL FUNDS
8,042,960
7,895,691
The flnanclal statements We￿ approved by the Board of Trustees and authorlsed for issue on
2•*.*..,.... and were slgned on Its behalf by:
C ¥614 JA•4f• *￿￿￿&*¥1￿r1
rustee
The notes form part of these financial statements
Page 15

HOCKERILL EDUCATIONAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024
ACCOUNTING POLICIES
Basis of preparing the financial statements
The flnanclal statements of the charity, which Is a public benefit entity under FRS 102, have been
prepared in accordance with the Charities SORP (FRS 102) 'Accountlng and Reportlng by Charltles:
statement of Recommended Practlce appllcable to charitles preparlng thelr accounts In accordance
with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)
(effective l January 2019),, Financial Reporting Standard 102 'The Flnanclal Reportlng Standard
appllcable In the UK and Republic of Ireland, and the Charlties Act 2011. The flnanclal statements
have been prepared under the historical cost conventlon, wlth the exceptlon of investments whlch
are Included at market value.
Income
All incorne Is recog nlsed in the Statement of Financlal Actlvitles once the charlty has entltlement to
the funds, it Is probable that the income will be received and the amount can be measured rellably.
Expenditure
Llabilltles are recognised as expenditure as soon as there Is a legal or constructlve obllgatlon
committlng the charlty to that expenditure, it is probable that a transfer of economlc beneflts will
be requlred in settlement and the amount of the obligation can be measured reliably. Expenditure
Is accounted for on an accruals basls and has been classlfled under headlngs that aggregate all
cost related to the category. Where costs cannot be dlrectly attrlbuted to particular headings they
have been allocated to actlvltles on a basls consistent with the use of resources.
Provlslon for grants Is made In full In the year of their approval.
Governance costs
Governance costs are the costs assoclated wlth the governance arrangements of the charity, which
relate to the general runnlng of the charlty as opposed to those costs associated with charltable
actlvlty. Included wlthln thls category are costs assoclated wlth the strateglc as opposed to
day-to-day management of the charity's activities.
Allocation and apportionment of costs
The charlty attributes 90Wo of adminlstrative support costs such as staff and offlce costs to Its
charltable actlvStles, and IO% to the governance of the charlty, on the basts of employment hours.
Taxation
The charlty Is exempt from corporatlon tax to the extent that any income and gains on its
charltable actlvitles are applled to its charltable objectives.
Fund accountlng
The endowment fund represents those assets whlch must be held permanently by the charityi
prlnclpally Investments. Income arlslng on the endowment fund can be used in accordance wlth
the objects of the charlty and Is Included as unrestrlcted Income. Any capital gains or losses
arislng on the Investments form a part of the fund. Investment management charges and legal
advice relatlng to the fund, are charged agalnst the fund.
Unrestrlcted funds comprlse those funds whlch the trustee Is free to use In accordance wSth the
charita ble objects.
De51gnated funds are unre5trlcted funds, set aside 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 c05t of each unlt Is taken to be the average cost of the
unlts Immedlately prlor to the disposal. The gains or losses on disposal are added to the fund from
wlilch the Investment was made. Any gain or loss on revaluation is taken to the statement of
flnancial actlvitles. Investment income Is accounted for In the perfod In whlch the charfty Is entltled
to the receipt.
Page 16
continued...

HOCKERILL EDUCAfIoNAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024
INVESTMENT INCOME
Year
Ended
31.3.24
Year Ended
31.3.23
Dlvldends CBF Investment fijnds
Dividends - CBF property funds
Dlvldends - Charifund investment funds
Interest on cash deposlts
88,607
38,746
234,070
3,523
88,606
38,746
227,266
1,484
364,945
356,102
CHARXTABLE ACTIVITIES COSTS
Grant
funding of
actlvltles
(see note
4)
Support
costs
Totals
Grant fundlng of actlvltles
Support Costs
339,541
339,541
42,784
42,784
339,541
42,784
382,325
GRANTS PAYABLE
2024
2023
Grant fundlng of actlvltles
339,541
289,722
The total grants pald to institutlons durlng the year were as follows:
Year Ended Year Ended
31.3.24
31.3.23
Dlocese of Chelmsford
Dlocese of St Albans
other Corporate Grants
iio,000
iio,000
33,186
105,000
105,000
39,577
253,186
249,577
(The grants actually paid during the perlod to 31 March 2024 are Ilsted on pages 2-4 of the
Trustees Report)
Page 17
continued...

HOCKERILL EDUCATIONAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024
TRUSTEES, REMUNERATION AND BENEFrrs
There were no trustees, remuneratlon or other benefits for the year ended 31st march 2024 nor for
the year ended 31st March 2023.
Tru5tee5' expense5
Travel expenses amountlng to £304 (2023 - £152) were paid to 4 (2023 - 4) Council Members
during the year. The cost of Trustees meetings during the year amounted to £356 (2023 - £125).
STAFF COSTS
The average monthly number of employee5 during the year was as follows:
2024
2023
Offlce
No employees recelved emoluments In excess of £60,000.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestrlcted Endowment
funds
fund
Total
funds
INCOME AND ENDOWMENTS FROM
Charltable actlvltles
55
55
Investment Income
356,102
356,102
Total
356,157
356,157
EXPENDITURE ON
Charltable activities
Grant funding of activitles
Support Costs
289,722
41,981
289,722
41,981
Total
331,703
331,703
Net galns/(losses) on Investments
(7,525) (510,102) (517,627)
NET INCOME/(EXPENDITURE)
16,929
(510,102) (493,173)
RECONCILIATION OF FUNDS
Total funds brought forward
135,708
8,253,156
8,388,864
TOTAL FUNDS CARRIED FORWARD
152,637
7,743,054
7,895,691
Page 18
contlnued...

HOCKERILL EDUCATIONAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS . contlnued
FOR THE YEAR ENDED 31ST MARCH 2024
FIXED ASSET INVESTMENTS
Investments are held in the CBF funds at CCLA Investment Management Limited, and in Charifund
at M&G Securities Limited.
Investme
nt Fund
Property
Fund
Charifund
Total
Market value at 1st
April 2023
3,060,187
761,647
4,036,814
7,858,648
Addltlons/(Dlsposals)
Change in value
during the year
276,775
(38,449)
(73,733)
164,593
Market value at 31st
March 2024
3,336,962
723,198
3,963,081
8,023,241
Historlcal cost:
At 31 March 2024
261,904
883,174
3,137,565
4,282,643
At 31 March 2023
261,904
883,174
3,137,565
4,282,643
The profits or losses on investments reported above are unreallsed, these changes In value reflect
the volatility in the rnarket value5 as at the year ended 31st March 2024.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024
2023
Audit fee
Fee to Corporate Trustee
2,945
327
2,801
311
3,272
3,112
10. MOVEMENT IN FUNDS
Net
movement
In funds
At
31.3.24
At 1.4.23
Unrestrlcted funds
General fund
152.637
{19,436}
133,201
Endowment funds
Endowment Fund
7.743.054
166,705 7,909,759
TOTAL FUNDS
7.895.691
147,269 8,042.960
Page 19
continued...

HOCKERILL EDUCATIONAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024
10. MOVEMENT IN FUNDS - continued
Net movement in funds, Included In the above are as follows:
Incoming
resources
Resources
expended
Gains and
losse5
Movement
In funds
Unrestrlcted funds
General fund
365.000
(382,325)
(2,111)
(19,436)
Endowment funds
Endowment Fund
166,705
166,705
TOTAL FUNDS
365,000
(382,325)
164,594
147,269
Comparatlves for movement in funds
Net
movement
In funds
At
31,3.23
At 1.4.22
Unrestricted funds
Genoral fund
135,708
16,929
152,637
Endowment funds
Endowment Fund
8,253,156
(510,102) 7,743,054
TOTAL FUNDS
8,388,864
(493,173) 7,895,691
Comparatlve net movement In funds, included In the above are as follows..
Incomlng
resources
Resources
expended
Gajns and
losses
Movement
In funds
Unrestricted funds
General fund
356,157
(331,703)
(7,525)
16,929
Endowment funds
Endowment Fund
(510,102) (510,102)
TOTAL FUNDS
356,157
(331,703)
(517,627) (493,173)
Page 20
contlnued...

HOCKEIULL EDUCATIONAL FOUNDATION
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024
10. MOVEMENT IN FUNDS - contlnued
A current year 12 months and prior year 12 months comblned position Is as follows:
Net
movement
In funds
At
31.3.24
At 1.4.22
Unrestrlcted funds
General fttnd
135,708
(2,507)
133,201
Endowment funds
Endowment Fund
8,253,156
(343,397) 7,909,759
TOTAL FUNDS
8,388,864
(345,904) 8,042,960
A current year 12 months and prlor year 12 months comblned net movement In funds, Included In
the above are as follows:
Incomlng
resources
Resources
expended
Gains and
losses
Movement
In fund5
Unrestricted funds
General fund
721,157
(714,028)
(9,636)
(2,507)
Endowment funds
Endowment Fund
(343,397) (343,397)
TOTAL FUNDS
721,157
(714,028) (353,033) (345,904)
11. RELATED PARTY DISCLOSURES
The Hockerlll Educational Foundatlon Is admlnlstered and managed under a scheme approved and
establlshed by the Charity Comm155lon for England and Wales on 19 Aprll 1988. The Investments
of the Foundatlon are held In the name of the Hockerlll Educational Company Llmlted as Trustee
of the Charlty. All the dlrectors of the Hockerill Educational Company Llmited are members of the
Councll of the Hockerill Educatlonal Foundation.
Durlng the year, the Foundation was charged £339 (2023 - £324) by the Hockerlll Educational
Company Llmited in respect of custodian expenses. At 31 March 2024 £339 {2023 - £324) was
due from the FoundatSon to the Hockerlll Educatlonal Company Limlted.
Two Councll Members are Blshops from the Dioceses of Chelmsford and St Albans. Two Councll
Members are Archdeacons and two are Dlrectors of Education of these dloceses. Their names and
detalls are glven on page 11 of the Report and Flnanclal Statements. Durlng the period, grants
were pald to Chelmsford Diocese totalling £llO,000 (2023 - £105,000) and to St Albans
Diocese totalling £IIO,000 (2023 - £105,000).
Grant awards In respect of the perlod to 31 March 2024 are shown In note 4.
Page 21

HOCKERILL EDUCATIONAL FOUNDATION
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST MARCH 2024
2024
2023
INCOME AND ENDOWMENTS
Charitable actlvltles
DonBtlons
55
55
Investment Income
Investment Income
364,945
356,102
Total Incoming resources
365,000
356,157
EXPENDITURE
Charltable activities
Grants to Institutlons
Grants to Individuals
253,186
86,355
249,577
40,145
339,541
289,722
Support costs
Human resources
Wages
34,144
34,144
Other
Insurance
Office supplles, post & tel
Computer / webslte costs
Staff travel expenses
ACCT and RE councll membershlp
367
2,891
733
iii
610
353
2,622
529
94
830
4,712
4,428
Transfer of Governance Costs
Wages
Insurance
Office suppllesi Post & tel
Coniputer / webslte costs
Staff travel expenses
ACCT and RE councll membershlp
(3,414}
(37)
{289)
(73)
(li)
(61)
(3,4 15)
(35)
(260)
(53)
{9)
(83)
(3,885)
(3,855)
Governance costs
Tru5tees' expenses
Auditors, remuneratlon
Auditors, remuneration for non audlt work
Governance Support Costs
C05t5 of Trustees meeting5
304
2,941
327
3,885
356
172
2,801
311
3,855
125
7,813
7,264
Total resources expended
382,325
331,703
Net (expendlture)/lncome
(17,325)
24,454
This page does not form part of the statutory financ5al statements
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