Management and funding

Below are some details of the funding behind the Foundation and a guide on how to support our work.

Trustees

The trustees of the Hockerill Educational Foundation are:
Rt Revd Richard Atkinson, Bishop of Bedford
Rt Revd Stephen Cottrell, Bishop of Chelmsford
Rt Revd Dr Alan Smith, Bishop of St Albans
Mr Colin Bird
Ven Elwin Cockett, Archdeacon of West Ham
Revd Tim Elbourne
Ven Robin King, Archdeacon of Stansted
Mr Jonathan Longstaff
Canon Harry Marsh
Mr David Morton
Mrs Hannah Potter
Janet Scott
Mr Ray Slade

The trustees are also Directors of the Hockerill Educational Company which manages the Foundation.

The trust deed determines that some trustees are ex officio, some are appointed by the Dioceses of Chelmsford and St Albans, and some are co-opted for their experience in education or finance.

How does the Foundation operate?

The Trustees normally meet twice a year to determine policy and strategy, and to monitor the finances and grant-making.

In addition, the Finance Committee meets normally twice a year to oversee the Foundation's investments and financial management, and to make budget and other recommendations.

The Education Grants Committee also meets twice a year to consider and approve applications for grants. Operational and financial management is delegated to the Secretary of the Foundation, Mr Derek J Humphrey.

How is the Foundation funded?

The Foundation was endowed with the proceeds of the sale of Hockerill College of Education, and its income derives almost entirely from these funds, currently valued about £4M – 5M.

Donations and legacies are also occasionally received.

How to - donations

Give by post:

Please making cheques payable to the Hockerill Educational Foundation and send your donation to The Secretary, Hockerill Educational Foundation, 3 The Swallows, Harlow, Essex CM17 0AR.

If you are a UK taxpayer and you Gift Aid your donation, the Foundation can reclaim an extra 25 pence from the Inland Revenue for every pound you give. On top of that if you are a higher rate taxpayer, you can claim further tax relief on the donation in your annual tax return.

Please complete the Gift Aid donation form and return it by post to the Trust.

Asset Giving:

If you donate shares, land or buildings to the Foundation you receive tax relief and also you will not be liable for tax on any capital gains.

Gift in your Will:

Legacies enable many to contemplate making a larger gift than would be possible during their lifetime since it does not affect day-to-day income. When you make or update your Will, please consider making a gift to the Hockerill Educational Foundation. Your solicitor will advise you on the best way to record your intentions and maximise the impact on your financial arrangements. Should you wish to make a change to an existing will, a solicitor can advise you on adding a codicil.

Please keep this information for when you might need it. If you have any questions or would like further help and information do not hesitate to contact the Foundation at the address given above.

What does the Foundation fund?

From its beginning the Foundation has allocated two-thirds of its annual grant funding to the church's educational work in the Dioceses of Chelmsford and St Albans, from which the original funding of the college was raised. Diocesan grants are bid for annually, and are used to help fund teacher advisers, training courses for headteachers and for clergy working with schools, links with schools overseas, and resources for teachers. Diocesan grants have also been awarded to help with the development of RE syllabuses, events for schools, for youth projects, and for specific projects with parishes.

The remaining one-third of grant funding is allocated to other corporate grants and grants to individuals.

In recent years about £20,000 has been allocated to Corporate grants to organisations. The Foundation has for some years supported the Faculty of Early Years Education run by St Andrew's School in Asuncion, Paraguay. It also makes an annual grant to the REOnline website. Other grants have been for conferences for RE teachers in training, conferences on Science and Religion, a teacher recruitment project, for various research projects in religion and education, and for local schools projects.

In a typical year about £50,000 is expended in Individual grants to 60-70 students, mainly those training to be primary or secondary teachers. Some will be taking higher degrees or diplomas in education, and a few with particular financial difficulties may be taking other degrees. About a third of the grants are likely to be related to the teaching of Religious Education.