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2020-12-31-accounts

The Canon Collins Educational and Legal Assistance Trust

Annual Report and Independently Examined Financial Statements

31 December 2020

Company Limited by Guarantee Registration Number: 04965891 (England and Wales) Charity Registration Number 1102028

Contents

Reports
Reference and administrative details of
the charity, its trustees and advisers 3
Report from the Board of Trustees 4
Indep 16
Financial Statements
Statement of financial activities 17
Balance sheet 18
Statement of cash flows 19
Principal accounting policies 20
Notes to the financial statements 25

The Canon Collins Educational and Legal Assistance Trust

Page 2

Reference and administrative information Year ended 31 December 2020

Patrons
Board of Trustees
Chief Executive Officer
Company Secretary
Registered address
Telephone
Web
Company Registration Number
Charity Registration Number
Accountants
Bankers		 Sir Michael Bear
The Right Honourable Lord Peter Hain
Elinor Sisulu
Max Sisulu
Sir Andrew Collins (40thAnniversary Year Patron)
John Battersby (Chair) (Resigned 26thMay 2021)
Marjorie Ngwenya (Vice Chair) (Appointed Chair
26thMay 2021)
David Holberton (Treasurer)
Dr Kai Easton
Keith Holdt
Frewyeni Kidane
Mpho Makwana (Resigned 15thJuly 2020)
Justice Mavedzenge
Bonange Mohale (Appointed 17thJune 2020)
(Appointed Vice Chair 26thMay 2021)
Lawson Naidoo (Resigned 26thMay 2021)
Nicolette Naylor
Narissa Ramdhani (Appointed 27thMay 2020)
Stuart Craig
Roger Richards
Office 8, 334 Kennington Lane
London SE11 5HY
0207 354 1462
www.canoncollins.org.uk
04965891 (England and Wales)
1102028
Buzzacott LLP
130 Wood Street
London EC2V 6DL
Triodos Bank UK Ltd
Deanery Road
Bristol BS1 5AS
Lloyds Bank plc
19-20 Upper Street
Islington
London N1 0PJ

The Canon Collins Educational and Legal Assistance Trust

Page 3

Report from the Board of Trustees Year ended 31 December 2020

INTRODUCTION

The Board of Trustees presents the statutory report, together with the financial statements of The Canon Collins Educational and Legal Assistance Trust (CCELAT) for the year ended 31 December 2020.

The report has been prepared in accordance with Part VI of the Charities Act 2011.

The report is also the All the trustees are directors of the charitable company.

Overview of the Year

The year 2020 was for the whole of humankind like no other. In mid-March 2020 the UK-based staff against a new coronavirus from the Far East that some thought could infect crowded parts of London. It was deemed a temporary measure because the World Health Organisation was refusing to call it a pandemic. A week later the UK learned a l er, after travellers took the virus to that country. There followed, for the Canon Collins Trust and all its partners and stakeholders, a period of readjustment which for our scholars in particular, was substantial.

Scholars suddenly found themselves unable to access university libraries, computers and lecturers, and many had to return home, sometimes to environments completely unsuited to study. Those carrying out research among communities could no longer convene meetings. Some were clearly troubled by the new order, and we quickly organised two online mental health and wellbeing workshops and prepared to issue hardship payments where necessary. Our large donors (including the Sol Plaatje Education Project and Comic Relief) offered welcome flexibility in the use of their funding, enabling CCELAT to respond to emerging needs. Intensive support has been given to scholars remotely throughout the year. Some who were unable to complete their studies on schedule have been helped to extend.

ncome for the year was 30.8% lower than in 2019 and some 17% down on predictions. The principal reasons for this included:

In late 2019 the full scale of a legacy fraud affecting CCELAT became clear. Legal action to recover the missing assets continued throughout 2020, although the lockdowns have made it difficult to dispose of the properties involved. As at 31 December 2020 we had incurred legal costs of £383,456, which we expect to recover in 2021. However, we face a long battle ahead to secure full compensation.

The Canon Collins Educational and Legal Assistance Trust

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Report from the Board of Trustees Year ended 31 December 2020

On a more positive note, both the Board and the staff team remained stable throughout 2020. A full-time Partnerships and Fundraising Manager joined the staff just as the pandemic broke. Businessman Bonang Mohale and fundraiser Narissa Ramdhani joined the Board during the year. Later in 2020, four new Patrons were appointed. Elinor and Max Sisulu, and former Lord Mayor of London Sir Michael Bear have joined Lord Peter Hain as lifetime patrons, while Sir Andrew Collins son of Canon John Collins has become Patron of 40[th] Anniversary Year (2021). Some have been moved to 2022 as a result of ongoing coronavirus restrictions.

OBJECTIVES AND ACTIVITIES

The principal objectives of the charity are:

GOVERNANCE, STRUCTURE AND MANAGEMENT

Governance

The charitable company is governed by a memorandum and articles of association.

The charitable company is administered by a Board of Trustees, members of which constitute directors for the purpose of company legislation and trustees for the purposes of charity legislation. New trustees can only be appointed by the Board of Trustees at a general meeting. The desired profile of members is reviewed periodically by the trustees and appropriate appointments made to ensure a balanced board.

Patrons

Sir Michael Bear is a civil engineer by trade. He was born in Nairobi, educated at Wits University and is a former Lord Mayor of London. He was knighted in 2012 for services to regeneration, charity, and the City of London.

Sir Andrew Collins is the son of the late Canon John Collins and Diana Collins He is a retired English barrister and judge, and served as a Justice of the High Court's Queen's Bench Division.

Lord Peter Hain was MP for Neath from 1991-2015, serving in the governments of Tony Blair and Gordon Brown, holding several Cabinet positions. In November 2015 he was introduced to the House of Lords. Born in South Africa, Lord Hain's family was exiled to London in 1966 after his parents were banned for their antiapartheid activities. He became a British anti-apartheid leader, particularly involved in the campaign to boycott all-white South African sports tours from 1969 onwards. In December 2015, he received the OR as Patron of the Trust since June 2016.

The Canon Collins Educational and Legal Assistance Trust

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Report from the Board of Trustees Year ended 31 December 2020

GOVERNANCE, STRUCTURE AND MANAGEMENT (continued)

Patrons (continued)

Elinor Sisulu is a Zimbabwean-born South African writer and human rights activist. She has been involved in the Southern African liberation movements throughout her life. Elinor returned to South Africa in 1991 after 26 years in exile. She is active in arts and literary organisation. In 2016 Elinor was awarded an honorary PhD in recognition of her interdisciplinary work and commitment to social change.

Max Sisulu was born in Soweto, South Africa on 23 August 1945 to Walter and Albertina Sisulu. He served -2014. He resigned from Parliament in 1998 to take up the post of Deputy Chief Executive of Denel Aerospace. From 2003 to 2006 he served as on to serve as non-executive director on several boards, including the Human Sciences Research Council (HSRC), the National Economic Advisory Forum (NEAF) and African Rainbow Minerals.

Trustees

The trustees who served during the year are set out on page 1. Brief biographical details on each of the current trustees are given below:

John Battersby (Chair) (Resigned May 2021) joined the board in July 2012 after serving for five years on the board of the Legal Assistance Trust. He has a distinguished career in South African journalism and is currently a communications consultant, director of several companies, and Chair of Transact SA-UK.

Marjorie Ngwenya (Vice Chair) (Appointed Chair May 2021) is a past president of the Institute and Faculty of Actuaries. She is a non-executive director to financial services companies and also serves as a trustee of the Legal Resources Trust in South Africa.

David Holberton (Treasurer) joined the Board as Treasurer in February 2016. He is a Chartered Accountant, investor in and advisor to SMEs and social enterprises.

Dr Kai Easton joined the board in 2009. She is a Senior lecturer at SOAS, University of London, and specialises in South African literature. She has previously taught at the universities of Sussex and Rhodes and, from 2004-2006, was a Mellon postdoctoral fellow in English at the University of KwaZulu-Natal.

Keith Holdt is an internationally-experienced business leader, strategy consultant and investment executive. He was previously a trustee of Grow Movement, a charity supporting microbusinesses in a number of African countries.

Frewyeni Kidane is Head of Advancement and Engagement, International, at the Rhodes Trust.

Justice Mavedzenge is an alumnus of the Canon Collins Trust who has a PhD in Constitutional Law and an LLM in Constitutional & Admin Law. He is currently working at the International Commission of Jurists in the position of Legal Advisor for the Africa Regional Program.

The Canon Collins Educational and Legal Assistance Trust

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Report from the Board of Trustees Year ended 31 December 2020

GOVERNANCE, STRUCTURE AND MANAGEMENT (continued)

Trustees (continued)

Bonang Mohale (Appointed Vice Chair May 2021) is the Chancellor of the University of the Free State, Professor of Practice in the Johannesburg Business School (JBS) College of Business and Economics, and Chairman of The Bidvest Group Limited. He is a highly respected South African businessman, known for his

Nicolette Naylor is an alumna of the Canon Collins Trust. She used her Mandela Rhodes Scholarship to Centre in South Africa. A rights activist, Nicolette is now Southern Africa Regional Director of the Ford Foundation, based in Johannesburg.

Lawson Naidoo (Resigned May 2021) has a legal background and is the Executive Secretary of the Council for the Advancement of the South African Constitution (CASAC). He has extensive experience in the political, parliamentary and civil society sectors and is a regular commentator on constitutional, legal and political issues in South Africa.

Dr. Narissa Ramdhani is the CEO of the Ifa Lethu Foundation who started her career in academia at institutions such as the Universities of KwaZulu-Natal (SA) Yale and Connecticut (USA) in the areas of politics and international relations. Dr. Ramdhani has since moved into Business, Heritage and Creative Development.

The Canon Collins Educational and Legal Assistance Trust

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Report from the Board of Trustees Year ended 31 December 2020

GOVERNANCE, STRUCTURE AND MANAGEMENT (continued)

The trustees are responsible for preparing the t applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and the income and expenditure for that period. In preparing these financial statements, the trustees are required to:

select suitable accounting policies and then apply them consistently;

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This confirmation is given and should be interpreted in accordance with the provisions of s418 of the Companies Act 2006.

The trustees are responsible for the maintenance and integrity of the corporate and financial information and dissemination of financial statements may differ from legislation in other jurisdictions.

The Canon Collins Educational and Legal Assistance Trust

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Report from the Board of Trustees Year ended 31 December 2020

GOVERNANCE, STRUCTURE AND MANAGEMENT (continued)

Decision making

The Board of Trustees met three times in 2020. The Board is advised and guided by three subcommittees as shown below. Reports and/or minutes from the subcommittees are tabled at the full Board meetings. The following were members of the subcommittees and served throughout the year:

Resources and Governance Subcommittee (RGS)

----- Start of picture text -----
Members
Keith Holdt RGS Chair (Appointed 23 [rd] September 2020)
Lawson Naidoo RGS Chair (Resigned 23 [rd] September 2020)
David Holberton Treasurer
John Battersby Trustee
Marjorie Ngwenya Trustee
Bonang Mohale Trustee
Attendees
Roger Richards Finance & Administration Manager
Stuart Craig Chief Executive Officer
----- End of picture text -----

Awards and Partnerships Subcommittee (APS)

----- Start of picture text -----
Members
Marjorie Ngwenya APS Chair
Lawson Naidoo Trustee
Dr Kai Easton Trustee
Justice Mavedzenge Trustee
Attendees
Eva Lenicka Scholarships Manager
Dr Gillian Attwood Southern Africa Manager
Stuart Craig Chief Executive Officer
Fundraising Subcommittee (FS)
Members
Narissia Ramdhani FS Chair
Frewyeni Kidane Trustee
John Battersby Trustee
Keith Holdt Trustee
Marjorie Ngwenya Trustee
Attendees
Stuart Craig Chief Executive Officer
Jill Ritchie Fundraising Manager
----- End of picture text -----

Day-to-day activities of the Trust are delegated to the Chief Executive Officer but approval of annual budgets and objectives, strategic decisions, senior employee terms and conditions and all decisions relating to governance are retained by the trustees.

The Canon Collins Educational and Legal Assistance Trust

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Report from the Board of Trustees Year ended 31 December 2020

GOVERNANCE, STRUCTURE AND MANAGEMENT (continued) Risk Management

The trustees are responsible for assessing the major risks to which the Trust is exposed and have compiled a risk register which is reviewed and updated annually (last updated February 2020, and due for revision in May 2021).

The risk register identifies the types of risk, analyses potential severity, and identifies the actions to be taken to mitigate those risks. Potential risks are grouped into four main categories: (i) Operational risks, e.g. weak project management, lack of a disaster recovery plan, absence of a clear direction, etc. (ii) Governance and fiduciary risks, including those arising as a result of weak oversight, unsound investment policies, a loss of institutional memory, etc. (iii) Reputational of negative publicity or the failure to act quickly on an issue of importance; and (iv) External risks, such as the effects of pandemics, government policies and extreme Foreign exchange rate fluctuations.

The Trustees consider that the most significant current risks for the charity are in the first and last categories above, as follows:

  1. Impact of Covid-19 (external risk) : Both the UK (with one of the highest Covid-19 death rates per capita in the world) and South Africa (with identified variants and very limited vaccine roll-out) are impacted by the global pandemic in different ways. The trustees envisage that the virus will make it difficult to hold fundraising events, or scholar support events in person for a long time to come. As mentioned elsewhere in this report, our scholars may also struggle to finish their studies on time. Economies which have been depressed by repeated lockdowns may struggle to recover in such a way that donors feel confident about giving to charity again. Investment returns may also remain weak. Reduced income could limit the work that CCELAT can undertake, and may deplete our reserves. The charity will continue to look at all possible ways to mitigate the effects of Covid19 on its operations.

  2. Ageing individual donor base (operational risk) : CCELAT is very aware that many of our committed supporters, a large number of whom came on board during the anti-apartheid campaigns of the 1970s and 80s, will not be able to continue their support indefinitely. We are fortunate that so many have already included CCELAT in their Wills and we will step up our efforts to promote legacies as a means of supporting CCELAT into the future. We will also seek to increase the support we receive from alumni (former scholarship recipients who have now graduated) and diversify our funding further.

The Canon Collins Educational and Legal Assistance Trust

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Report from the Board of Trustees Year ended 31 December 2020

GOVERNANCE, STRUCTURE AND MANAGEMENT (continued)

Key management personnel

The trustees, together with the senior management team, comprise the key management of the charity in charge of directing and controlling, running and operating the charity on a day-to-day basis. The team is made up of the following staff:-

Stuart Craig CEO

Roger Richards Finance and Administration Manager

Eva Lenicka Scholarships Manager

Gillian Attwood Southern Africa Manager

The remuneration of the senior management team of the charity is reviewed annually by the Resources & Governance subcommittee as part of the budget approval process before recommendation to the trustees.

Governance, organisational development and quality standards

The Trust maintains a detailed Governance Manual, together with related documentation, is reviewed annually, most recently in February 2020 and it will be updated in 2021 to be presented to the board in May 2021. The Governance Manual will also be reviewed and updated in line with the guidance of the new Charity Commission Governance Code and will be presented to the board in May 2021.

OBJECTIVES AND ACTIVITIES

The Trust has three strategic goals, currently being updated, that shape its activities:

To these ends, the Trust manages three main strands of work:

1. Scholarship programmes

The Trust supports the development of potential leaders who are advocates for human rights, social justice and a more equal society. CCELAT uses scholarships as a vehicle to empower those individuals to access higher education, and actively seeks to build a community of change agents to support their efforts.

Scholarships are focused on three priority areas:

The Canon Collins Educational and Legal Assistance Trust

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Report from the Board of Trustees Year ended 31 December 2020

OBJECTIVES AND ACTIVITIES (continued)

1. Scholarship programmes (continued)

The criteria for selection are agreed by the Awards & Partnerships subcommittee and used by a panel of staff and higher education experts in order to award grants. The Trust recognises the barriers that have to be overcome by individuals in order to study, including gender, race, disability, illness or social exclusion, and seeks to ensure an appropriate balance of awards. Through its scholarships, CCELAT aims to build expertise and leadership in fields vital to the ongoing development of the southern Africa region, and to this end, focuses mainly on those studying at postgraduate level. This section of the programme is supported generously by the Sol Plaatje Educational Project , a foundation which began a 10-year grant to CCELAT in 2016. We are indebted to the Sol Plaatje trustees for their long-term support. The Trust also has a programme of scholarships for undergraduate study. With the generous support of Leigh Day , a Londonbased law firm with an interest in human rights, CCELAT supported 7 (2019: 12) students in their LLB studies at the Universities of Fort Hare and the Western Cape. Foundations were also laid for new scholarships (from 2020) funded by the Joel Joffe Charitable Trust among others.

During 2020 the Trust supported a total of 116 (2019: 127) scholars, who were at universities as follows:

South Africa
UK/IRE
Total		 2020
2019
91
99
25
28
116
127

----- Start of picture text -----
South Africa
Scholarship Programme Academic Year Academic Year
2020 2019
Canon Collins SA 7 12
British South African Law Association - 1
Elizabeth Bird Memorial Fund 1 -
Equal Education - 1
James Learmonth 2 -
Joel Joffe Trust 4 -
Leigh Day 7 12
Matrix Chambers - 1
Pegasys 2 -
Ros Moger & Terry Furlong 21 16
Alan and Babette Sainsbury Trust - 2
Sol Plaatje Educational Project 32 32
Tom Queba 2 -
Thekgo Bursary 4 5
University of London 9 17
Total 91 99
----- End of picture text -----

The Canon Collins Educational and Legal Assistance Trust

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Report from the Board of Trustees Year ended 31 December 2020

OBJECTIVES AND ACTIVITIES (continued)

1. Scholarship programmes (continued)

----- Start of picture text -----
UK/Ireland
Scholarship Programme
Academic Year Academic Year
2020/21 2019/20
Canon Collins UK - 1
Commonwealth Scholarships 9 13
Kader Asmal Fellowship 16 14
Total 25 28
----- End of picture text -----

The Trust is also committed to supporting and harnessing the expertise of past scholars by proactively developing the Canon Collins Alumni Network. With over 4,000 students having received scholarships since the Trust began in 1981, 96% of whom have returned to or are still based in southern Africa, the Alumni Network has enormous potential to grow in future years. The Network is particularly active in South Africa, Lesotho and Zimbabwe at present.

2. Support for the Legal Resources Centre (LRC)

The LRC is a non-profit making public interest law NGO focusing on human rights in South Africa. It uses the law as an instrument of justice for vulnerable people, including those who are poor, homeless, landless or discriminated against in some way.

evictions and homelessness in South Africa, through a 5-year grant from Comic Relief. Under this grant (in its fifth year in 2020) the LRC received £261,642 from Comic Relief during the twelve months ending 31 December 2020 (2019: £265,098). This enabled the LRC to repeatedly challenge unfair and unjust rulings against individuals and communities threatened with losing their homes or rights, often in the Constitutional Court. The LRC also intervened in cases where access to electricity, water and sanitation services are being denied to the poor and acted on behalf of farm workers whose rights are all too often cast aside by landowners and others in positions of power. Since the beginning of the current Comic Relief grant (2016) the LRC has been involved in more than 100 legal cases some of which can last years benefiting over 281,000 people.

3. Support for Equal Education (EE)

EE is a community and membership-based movement. It advocates for quality and equality in the South African education system, using youth as ambassadors and promoting youth leadership development. EE's campaigns are aimed at achieving quality education for all. A long-running grant from Comic Relief finally came to an end in early 2020, with considerable progress having been made in ensuring the SA government adheres to its own laws and timescales for the replacement of unsatisfactory school buildings, and the upgrading of schools without facilities like toilets, water and electricity.

Unsurprisingly, this work is far from finished, and CCELAT hopes to work alongside EE again if and when further funding can be secured. In the meantime, EE remains a trusted partner, friend and ally in the fight for social justice in South Africa.

The Canon Collins Educational and Legal Assistance Trust

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Report from the Board of Trustees Year ended 31 December 2020

FINANCIAL REVIEW AND RELEVANT POLICIES

Basis of Accounting

The financial statements have been prepared in accordance with the accounting policies set out on pages 20 to 24 dum and articles of association, applicable laws, and the requirements of Accounting and Reporting by Charities: Statement of Recommended Practice which is applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Results for the year

Incoming resources during the year to 31 December 2020 amounted to £823,479 (2019: £1,211,144). Resources expended were £895,146 (2019: £1,204,190) resulting in a deficit, before unrealised investment losses, of £71,667 (2019: £6,954 surplus).

Financial position

Balances at 31 December
Restricted funds
Unrestricted funds
Total		 2020
£
2019
£
424,751
422,639
121,755
200,885
546,506
623,524

Restricted funds have either been raised for, and their use restricted to, specific purposes, or they comprise donations subject to donor-imposed restrictions. Full details of the restricted funds, together with an analysis of movements in the year, can be found in note 18 to the attached financial statements.

The Trust intends to maintain an adequate level of net funds, which are controlled by reference to the policy. The Trust will continue to target corporate giving, fundraise for grants and earned income, maximise full-cost recovery strategies and budget carefully.

The trustees consider that staffing levels are commensurate with resources and outputs.

Reserves policy

The trustees annually review the reserves policy of the Trust and consider the adequacy of unrestricted funds (free reserves) in relation to risks and working capital requirements. In determining the adequacy of reserves, the trustees take into account the following factors:

(a) Scholarships and project expenditure.

(b) The regularity of gifts.

The Canon Collins Educational and Legal Assistance Trust

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Report from the Board of Trustees Year ended 31 December 2020

FINANCIAL REVIEW AND RELEVANT POLICIES (continued)

Having regard to these factors, the trustees consider that an appropriate level of reserves would be equal covered by Restricted Funds (£8,333), plus notice requirement on our office lease (£3,411). This amounts to £107,444. Actual unrestricted reserves at 31 December 2020 were £121,755 (2019: £200,885). Taking account of reductions in cost commitments that have been implemented after 31 December 2020, it is anticipated that the reserves required from 2021 will be approximately £96,000.

Investments

Details of investments held are given in note 15 to the financial statements. The Charity holds units in the Blackrock Charishare Common Investment Fund. The holding was reduced by £7,000 in 2020. During the year the fund incurred realised and unrealised losses of £5,351 (2019: unrealised net gain of £21,216) and only to invest in ethical shares and securities. The BlackRock Charishare Fund does not invest in tobacco and defence related securities.

Foreign Exchange

The Charity maintains a foreign currency management strategy which is reviewed annually. The strategy combines natural hedging (holding a stock of Rand), the use of forward contracts for foreign exchange to a cautious estimate of the £/Rand exchange rate.

In event of the charitable company being wound up each member undertakes to contribute an amount not exceeding £10.

Related parties

Details of related parties and related party transactions are given in note 21 to the financial statements.

Intangible fixed assets

Details of movements in the value of intangible fixed assets during the year are given in note 14 to the financial statements.

Fundraising

Fundraising is an important element in helping us achieve our overall charitable objectives and CCELAT is committed to adopting best practice in its fundraising activities. We are registered with the Fundraising Regulator and pay the voluntary levy as an indicator of our commitment to support better fundraising practice in the UK. Income is raised through appeals, committed giving, runners taking part in the London Marathon, proposals to trusts and foundations, occasional events, and legacies. All necessary data on supporters is stored securely on a GDPR-compliant database and is never passed to third parties.

Employment policy

CCELAT aims to be an equal opportunities employer. In preparing this report, the Trustees have taken advantage of the small company exemptions provided by s415A of the Companies Act 2006.

Signed on behalf of the Trustees: Marjorie Ngwenya (Chair)

The Canon Collins Educational and Legal Assistance Trust

Page 15

Year ended 31 December 2020

Independent examiner

Trust

I report to the charity on my examination of the financial statements of the charitable company for the year ended 31 December 2020.

Responsibilities and Basis of Report

As the trustees of the charity (and also as directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006.

Having satisfied myself that the financial statements of the charitable company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination Commission under section 145(5)(b) of the 2011 Act.

Inde

I have completed my examination. I confirm that no matters have come to my attention in connection with my examination giving me cause to believe:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Avnish Savjani 21 June 2021 Buzzacott LLP Chartered Accountants 130 Wood Street London EC2V 6DL

The Canon Collins Educational and Legal Assistance Trust

Page 16

Statement of financial activities for the year ended 31 December 2020

----- Start of picture text -----
Unrestricted Restricted 2020 Unrestricted Restricted 2019
funds funds Total funds funds Total
Notes £ £ £ £ £ £
Income from:
Donations and legacies 1 241,741 222,118 463,859 369,560 234,238 603,798
Charitable activities
Project income 2 27,278 286,642 313,920 54,447 465,439 519,886
Income from donations, legacies and
charitable activities 269,019 508,760 777,779 424,007 699,677 1,123,684
Other trading activities 3 45,221 45,221 85,663 85,663
Investments 4 479 479 1,797 1,797
Income from trading and investments 45,700 45,700 87,460 87,460
Total income 314,719 508,760 823,479 511,467 699,677 1,211,144
Expenditure on:
Raising funds 5 71,553 71,553 81,855 81,855
Charitable activities
Scholarships UK 6 18,376 18,376 40,907 40,907
Scholarships Southern Africa 7 167,194 220,006 387,200 210,113 232,234 442,347
Project grants 8 131,375 286,642 418,017 171,483 467,598 639,081
Total expenditure 388,498 506,648 895,146 504,358 699,832 1,204,190
Net (expenditure) income before gains/
(losses) on investments (73,779) 2,112 (71,667) 7,109 (155) 6,954
Net (losses) gains on investments 15 (5,351) (5,351) 21,216 21,216
Net (expenditure) income and net movement
in funds for the year (79,130) 2,112 (77,018) 28,325 (155) 28,170
Reconciliation of funds:
Fund balances brought forward
at 1 January 2020 200,885 422,639 623,524 172,560 422,794 595,354
Fund balances carried forward
at 31 December 2020 121,755 424,751 546,506 200,885 422,639 623,524
----- End of picture text -----

The Canon Collins Educational and Legal Assistance Trust

Page 17

Statement of cash flows for the year ended 31 December 2020

Notes 2020
£		 2020
£		 2019
£		 2019
£
Fixed assets
Intangible fixed assets
14
Investments
15
Current assets
Debtors
16
Short term deposits
Cash at bank and in hand
Total current assets
Liabilities
Creditors: amounts falling due
within one year
17
Net current assets
Total net assets
The funds of the charity
Income funds:
Unrestricted funds - General fund
Restricted funds
18
Total charity funds		 481,717
221,682
58,958		 9,114
95,213		 313,097
263,004
63,892		 13,672
107,564
104,327
442,179		 121,236
502,288
762,357
(320,178)		 639,993
(137,705)
546,506 623,524
121,755
424,751
546,506		 200,885
422,639
623,524

For the year ended 31 December 2020 the company was entitled to exemption from audit under section 477 of the o small companies.

The members have not required the company to obtain an audit of its financial statements for the financial period in question in accordance with section 476 of the Act.

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject

Approved by the Trustees and signed on their behalf by:

David Holberton

Marjorie Ngwenya (Chair) (Treasurer)

The Canon Collins Educational and Legal Assistance Trust Company Registration Number: 04965891

Charity Number: 1102028

The Canon Collins Educational and Legal Assistance Trust

Page 18

Statement of cash flows for the year ended 31 December 2020

Notes 2020
£		 2019
£
Cash outflow from operating activities:
Net cash used in operating activities
A
Cash inflow from investing activities:
Interest from investments
Proceeds from the disposal of investments
Purchase of intangible fixed assets
Purchase of investments
Net cash provided by (used) in investing activities
Change in cash and cash equivalents in the year
Cash and cash equivalents at 1 January 2020
B
Cash and cash equivalents at 31 December 2020
B		 (53,735) (233,981)
479
7,000		 1,796
13,000
7,479 14,796
(46,256)
326,896		 (219,185)
546,083
280,640 326,896

Notes to the statement of cash flows for the year to 31 December 2020.

A Reconciliation of net movement in funds to net cash flow from operating activities

----- Start of picture text -----
2020 2019
£ £
Net movement in funds (as per the statement of financial activities) (77,018) 28,169
Adjustments for:
Loss /(gain) on investments 5,351 (21,216)
Dividends and interest from investments (479) (1,796)
Depreciation charge 4,558 4,558
Decrease in debtors (168,620) (187,455)
Increase/(decrease) increase in creditors 182,473 (56,241)
Net cash used in operating activities (53,735) (233,981)
----- End of picture text -----

B Analysis of cash and cash equivalents

Analysis of cash and cash equivalents
2020
£		 2019
£
Cash at bank and in hand
Short term deposits
Total cash and cash equivalents		 58,958
221,682		 63,892
263,004
280,640 326,896

The Canon Collins Educational and Legal Assistance Trust

Page 19

Principal accounting policies Year ended 31 December 2020

The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are set out below.

Basis of preparation

These financial statements have been prepared for the year to 31 December 2020.

The financial statements have been prepared under the historical cost convention unless otherwise stated in the accounting policies below.

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (Charities SORP (FRS 102)), and the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.

The accounts are presented in sterling and are rounded to the nearest pound.

Accounting policy relating to CCTSA NPC

The financial statements include the financial results and financial position of Canon Collins Trust Southern Africa NPC, a company incorporated and registered in South Africa, which is purposes of preparing the financial statements.

Canon Collins Trust Southern Africa NPC represents The Canon Collins Educational and Legal Assistance dertakes no fund raising activities and acts as an internal administrator to allow the charity to undertake its charitable activities and is under the direct control and management of the trustees of the Canon Collins Educational and Legal Assistance Trust.

All transactions undertaken through the branch are accounted for gross in the statement of financial activities and its assets and liabilities are aggregated with those of The Canon Collins Educational and Legal Assistance Trust.

Canon Collins Trust Southern Africa NPC exists to meet legal and regulatory requirements of South Africa and its financial statements are available to supporters and beneficiaries on request.

Critical accounting estimates and areas of judgement

No significant judgements and/ or estimates have been made by the Trustees in preparing these financial statements.

Assessment of going concern

The trustees consider that whether the use of the going concern assumption is appropriate in preparing these financial statements. The trustees have made this assessment in respect to a period of one year from the date of approval of these financial statements. The basis for the assessment is provided on page 4 of the Trustees Report where the trustees have considered the continuing impact of the Covid-19 pandemic on the charity and have concluded that although there may be some negative consequences, it is appropriate for the charity to continue to prepare its accounts on the going concern basis. The trustees are of the opinion that the charity will have sufficient resources to meet its liabilities as they fall due.

The Canon Collins Educational and Legal Assistance Trust

Page 20

Principal accounting policies Year ended 31 December 2020

Income recognition

Income is recognised in the period in which the charity has entitlement to the income, when the amount of income can be measured reliably, and it is probable that the income will be received.

Grants from government and other agencies have been included as income from charitable activities where these amount to a contract for services, but as donations where the money is given in response to an appeal or with greater freedom of use, for example monies for core funding.

Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

Legacies are included in the statement of financial activities when the charity is entitled to the legacy, the executors have established that there are sufficient surplus assets in the estate to pay the legacy, and any conditions attached to the legacy are within the control of the charity. Entitlement is taken as the earlier of the date on which either: the charity is aware that probate has been granted, the estate has been finalised and notification has been made by the executor to the charity that a distribution will be made, or when a distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, but the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material. In the event that the gift is in the form of an asset other than cash or a financial asset traded on a recognised stock exchange, recognition is subject to the value of the gift being reliably measurable with a degree of reasonable accuracy and the title of the asset having being transferred to the charity.

Expenditure recognition

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to make a payment to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis. Expenditure comprises direct costs and support costs. All expenses, including support costs, are allocated or apportioned to the applicable expenditure headings. The classification between activities is as follows:

The Canon Collins Educational and Legal Assistance Trust

Page 21

Principal accounting policies Year ended 31 December 2020

Expenditure recognition (continued)

Charitable grants and donations are made where the trustees consider there is real need following a review of the details of each particular case and comprise single year payments rather than multi-year grants. Grants and donations are included in the statement of financial activities when approved for payment. Provision is made for grants and donations approved but unpaid at the period end.

Grants payable are included in the statement of financial activities when approved and when the intended recipient has either received the funds or been informed of the decision to make the grant and has satisfied all performance conditions. Grants approved but not paid at the end of the financial year are accrued. Grants where the beneficiary has not been informed or has to fulfil performance conditions before the grant is released are not accrued for but are disclosed as financial commitments in the notes to the accounts.

All expenditure is stated inclusive of irrecoverable VAT.

Allocation of support and governance costs

Support costs represent indirect charitable expenditure. In order to carry out the primary purposes of the charity it is necessary to provide support in the form of personnel development, financial procedures, provision of office services and equipment and a suitable working environment.

Governance costs comprise the costs involving the public accountability of the charity (including audit costs) and costs in respect to its compliance with regulation and good practice.

The majority of costs are directly attributable to specific activities. Certain shared costs are apportioned to charitable activities. Office and administrative costs and property related costs are apportioned on the proportion of floor area occupied by the activity. Staff related costs are allocated on an estimated time spent per activity per employee.

Intangible fixed assets

Intangible fixed assets are amortised at rates calculated to write off the assets on a straight-line basis over their estimated useful economic lives, being five years. Intangible assets are reviewed annually for any indication that the carrying value of an asset may not be fully recoverable.

Investments

Listed investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the closing quoted market price. The charity does not acquire put options, derivatives or other complex financial instruments.

Realised gains (or losses) on investment assets are calculated as the difference between disposal proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains and losses are calculated as the difference between the fair value at the year end and their carrying value at that date. Realised and unrealised investment gains (or losses) are combined in the statement of financial activities and are credited (or debited) in the year in which they arise.

The Canon Collins Educational and Legal Assistance Trust

Page 22

Principal accounting policies Year ended 31 December 2020

Financial assets and liabilities

Financial assets and financial liabilities are recognised in the balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial instruments

The charity only holds basic financial instruments as defined in FRS 102. The financial assets and financial liabilities of the charity and their measurement basis are as follows:

Financial assets trade and other debtors are basic financial instruments and are debt instruments measured at amortised cost as detailed in note 16. Prepayments are not financial instruments.

Cash at bank is classified as a basic financial instrument and is measured at face value.

Financial liabilities accruals and other creditors are financial instruments and are measured at amortised cost as detailed in note 17. Deferred income is not deemed to be a financial liability, as the cash settlement has already taken place and there is an obligation to deliver services rather than cash or another financial instrument .

Debtors

Debtors are recognised at their settlement amount, less any provision for non-recoverability. Prepayments are valued at the amount prepaid. They have been discounted to the present value of the future cash receipt where such discounting is material.

Cash at bank and in hand

Cash at bank and in hand represents such accounts and instruments that are available on demand or have a maturity of less than three months from the date of acquisition. Deposits for more than three months but less than one year have been disclosed as short-term deposits.

Creditors and provisions

Creditors and provisions are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Creditors and provisions are recognised at the amount the charity anticipates it will pay to settle the debt. They have been discounted to the present value of the future cash payment where such discounting is material.

Fund accounting

The general fund comprises those monies which may be used towards meeting the charitable objectives of the charity at the discretion of the trustees.

The designated fund is an unrestricted fund which the trustees have decided at their discretion to set aside to use for a specific purpose.

The restricted funds are monies raised for, and their use restricted to, a specific purpose, or donations subject to donor-imposed conditions.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the net movement in funds.

The Canon Collins Educational and Legal Assistance Trust

Page 23

Principal accounting policies Year ended 31 December 2020

Pension costs

arged to the statement note 12. At 31 December 2019, pension contributions payable amounted to £501 (2019: £625). The charity has no liability beyond contributions.

The Canon Collins Educational and Legal Assistance Trust

Page 24

Notes to the financial statements Year ended 31 December 2020

1 Donations and legacies

----- Start of picture text -----
Unrestricted Restricted 2020 2019
funds funds Total Total
£ £ £ £
Donations
Corporate, Trust and charity donations 16,034 87,118 103,152 113,917
Sol Plaatje Educational Project 15,000 135,000 150,000 150,000
Defence and Aid Fund Limited 2,000 - 2,000 2,500
General donations, appeals and events 27,828 - 27,828 18,352
London Marathon - - - 8,345
Standing orders and regular giving 133,118 - 133,118 141,950
Gift Aid 25,477 - 25,477 28,997
Legacies 22,284 - 22,284 139,737
2020 Total income 241,741 222,118 463,859 603,798
----- End of picture text -----

----- Start of picture text -----
Unrestricted Restricted 2019
funds funds Total
£ £ £
Donations
Corporate, Trust and charity donations 14,679 99,238 113,917
Sol Plaatje Educational Project 15,000 135,000 150,000
Defence and Aid Fund Limited 2,500 2,500
General donations, appeals and events 18,352 18,352
London Marathon 8,345 8,345
Standing orders and regular giving 141,950 141,950
Gift Aid 28,997 28,997
Legacies 139,737 139,737
2019 Total income 369,560 234,238 603,798
----- End of picture text -----

2 Project income

Project income
Unrestricted
funds
£		 Restricted
funds
£		 2020
Total
£		 2019
Total
£
Comic Relief - Legal Resources Centre
Comic Relief - Equal Education
2020 Total income		 27,278
-
27,278		 261,642
25,000
286,642		 288,920
25,000
313,920		 294,886
225,000
519,886
Unrestricted
funds
£		 Restricted
funds
£		 2019
Total
£
Comic Relief - Legal Resources Centre
Comic Relief - Equal Education
2019 Total income		 29,447
25,000
54,447		 265,439
200,000
465,439		 294,886
225,000
519,886

The unrestricted income element of Comic Relief funding in 2019 as per the Comic Relief budgets.

The Canon Collins Educational and Legal Assistance Trust

Page 25

Notes to the financial statements Year ended 31 December 2020

3 Other trading activities

----- Start of picture text -----
Unrestricted Restricted 2020 2019
funds funds Total Total
£ £ £ £
Royalties received 653 653 293
Earned income 44,568 44,568 85,370
2020 Total income 45,221 45,221 85,663
Unrestricted Restricted 2019
funds funds Total
£ £ £
Royalties received 293 293
Earned income 85,370 85,370
2019 Total income 85,663 85,663
----- End of picture text -----

4 Investment income
unrestricted funds
Interest receivable on short term deposits		 2020
£
479		 2019
£
1,797

5 Expenditure on raising funds

Expenditure on raising funds
Mailing and printing
Advertising, promotion and publicity
Events / London Marathon
Travel
Allocation of support costs(note 10)
2020 Total expenditure		 Unrestricted
funds
£		 Restricted
funds
£		 2020
Total
£		 2019
Total
£
6,916
3,042
1,555
3,233
56,807
71,553		 6,916
3,042
1,555
3,233
56,807
71,553		 5,086
9,019
3,994
1,207
62,550
81,855
Unrestricted
funds
£		 Restricted
funds
£		 2019
Total
£
Mailing and printing
Advertising, promotion and publicity
Events / London Marathon
Travel
Allocation of support costs(note 10)
2019 Total expenditure		 5,086
9,019
3,994
1,207
62,550
81,855		 5,086
9,019
3,994
1,207
62,550
81,855

The Canon Collins Educational and Legal Assistance Trust

Page 26

Notes to the financial statements Year ended 31 December 2020

6 Scholarships UK

----- Start of picture text -----
Unrestricted Restricted 2020 2019
funds funds Total Total
£ £ £ £
Core scholarships 14,450
Student support costs 2,143 2,143 8,585
Allocation of support costs (note 10) 16,233 16,233 17,872
2020 Total expenditure 18,376 18,376 40,907
Unrestricted Restricted 2019
funds funds Total
£ £ £
Core scholarships 14,450 14,450
Student support costs 8,585 8,585
Allocation of support costs (note 10) 17,872 17,872
2019 Total expenditure 40,907 40,907
----- End of picture text -----

7 Scholarships Southern Africa

----- Start of picture text -----
Unrestricted Restricted 2020 2019
funds funds Total Total
£ £ £ £
Core scholarships 29,053 29,053 51,714
Leigh Day scholarships 15,233 15,233 26,007
Ros Moger/ Terry Furlong 53,870 53,870 69,346
Alan and Babette Sainsbury 7,919
British South African Law Association 2,188
James Learmonth Scholarship 6,314 6,314
Matrix Chambers 2,000 2,000 2,200
THEKGO 5,938 5,938 1,658
Pegasys 8,987 8,987
Joel Joffe Award 8,128 8,128
Tom Queba Memorial Award 8,778 8,778
Follet Trust 4,761 4,761
Elizabeth Bird Memorial Fund 4,169 4,169
Sol Plaatje Educational Project 103,828 103,828 135,223
Scholar Hardship Fund * 6,286 6,286 3,122
Allocation of support costs (note 10) 129,855 129,855 142,971
2020 Total expenditure 167,194 220,006 387,200 442,347
----- End of picture text -----

All scholarship grants were made to individual students. * continuing fund to support scholars in financial difficulties.

The Canon Collins Educational and Legal Assistance Trust

Page 27

Notes to the financial statements Year ended 31 December 2020

7 Scholarships Southern Africa (continued)

----- Start of picture text -----
Unrestricted Restricted 2019
funds funds Total
£ £ £
Core scholarships 51,714 51,714
Leigh Day scholarships 26,007 26,007
Ros Moger/ Terry Furlong 69,346 69,346
Alan and Babette Sainsbury 7,919 7,919
British South African Law Association 2,188 2,188
Matrix Chambers 2,200 2,200
THEKGO 1,658 1,658
Sol Plaatje Educational Project 135,223 135,223
Scholar Hardship Fund * 3,122 3,122
Allocation of support costs (note 10) 142,971 142,971
2019 Total expenditure 210,113 232,234 442,347
----- End of picture text -----

All scholarship grants were made to individual students. * continuing fund to support scholars in financial difficulties.

8 Project grants

Project grants
Unrestricted
funds
£		 Restricted
funds
£		 2020
Total
£		 2019
Total
£
Legal Resources Centre
Equal Education
Scholars Conference
Alumni Conference
Allocation of support costs
2020 Total expenditure		 (note 10) 3,945
5,690
121,740
131,375		 261,642
25,000
286,642		 261,642
25,000
3,945
5,690
121,740
418,017		 265,098
202,866
32,242
5,207
134,035
639,081

The above grants were made to provide support to various educational and human rights projects in southern Africa.

in southern Africa.
Unrestricted
funds
£		 Restricted
funds
£		 2019
Total
£
Legal Resources Centre
Equal Education
Scholars Conference
Alumni Conference
Allocation of support costs
2019 Total expenditure		 (note 10) 32,242
5,207
134,035
171,483		 265,098
202,500
467,598		 265,098
202,866
32,242
5,207
134,035
639,081

The above grants were made to provide support to various educational and human rights projects in southern Africa.

The Canon Collins Educational and Legal Assistance Trust

Page 28

Notes to the financial statements Year ended 31 December 2020

9 Governance costs

Governance costs
Unrestricted
funds
£		 Restricted
funds
£		 2020
Total
£		 2019
Total
£
Independent examination fee
Other governance costs
Exchange rate variance & bank charges
2020 Total expenditure		 6,000
1,654
1,231
(7,520)
1,365		 6,000
1,654
1,231
(7,520)
1,635		 11,830
1,279
4,977
3,524
21,610
Unrestricted
funds
£		 Restricted
funds
£		 2019
Total
£
Other governance costs
Exchange rate variance & bank charges
2019 Total expenditure		 11,830
1,279
4,977
3,524
21,610		 11,830
1,279
4,977
3,524
21,610

10 Support costs

The support costs and the basis of their allocation were as follows:

2020 Raising
funds
£		 ScholarsUK
& SA
£		 Projects
£		 2020
Total
£		 Basis of
apportion-
ment
Staff costs (note 12)
Premises costs
Depreciation
Office expenses
Governance costs(note 9)		 47,467
2,872
798
5,431
239		 122,057
7,386
2,051
13,980
614		 101,714
6,154
1,709
11,651
512		 271,238
16,412
4,558
31,062
1,365		 Based on
staff time
& effort
56,807 146,088 121,740 324,365
2019 Raising
funds
£		 ScholarsUK
& SA
£		 Projects
£		 2019
Total
£		 Basis of
apportion-
ment
Staff costs (note 12)
Premises costs
Depreciation
Office expenses
Governance costs(note 9)		 44,617
5,492
798
7,863
3,782		 114,730
14,121
2,051
20,216
9,725		 95,608
11,768
1,709
16,847
8,104		 254,955
31,381
4,558
44,924
21,611		 Based on
staff time
& effort
62,552 160,843 134,036 357,431

The Canon Collins Educational and Legal Assistance Trust

Page 29

Notes to the financial statements Year ended 31 December 2020

11 Net expenditure for the year is stated after charging:

12

----- Start of picture text -----
2020 2019
Total Total
£ £
Statutory audit services 11,830
1,654 1,279
Staff costs (note 12) 271,238 254,955
Operating lease rentals 3,411 3,411
2020 2019
Total Total
£ £
Staff costs during the year were as follows:
Wages and salaries 252,939 223,045
Social security costs 3,766 15,999
Pension and other costs 14,533 15,913
271,238 254,955
Staff costs by function were as follows:
Generation of funds 47,467 44,617
Direct charitable 223,771 210,338
271,238 254,955
----- End of picture text -----

No employees earned over £60,000 (including benefits) during the year (2019: none).

The average number of employees was:

2020
No.		 2019
No.
Generating of funds
Direct charitable		 1
7
8		 1
7
8

No trustee received any remuneration during the year (2019: none). Expenses reimbursed to the trustees during the year amounted to £Nil (2019: £1,348).

Staff costs

The key management personnel of the charity in charge of directing and controlling, running and operating the charity on a day-to-day basis comprise the trustees (who are unpaid) and the senior management team, namely the CEO, the Finance Manager, Scholarships Manager, and the South Africa Manager. The total remuneration (including taxable benefits and employer's pension contributions) of the key management personnel for the year was £185,646 (2019: £181,230).

The Canon Collins Educational and Legal Assistance Trust

Page 30

Notes to the financial statements Year ended 31 December 2020

13 Taxation

The Canon Collins Educational Trust and Legal Assistance Trust is a registered charity and therefore is not liable to income tax or capital gains tax on income or gains derived from its charitable activities, as they fall within the various exemptions available to registered charities.

14 Intangible fixed assets

----- Start of picture text -----
Database
£
Cost
At 1 January 2020 and 31 December 2020 18,230
Amortisation
At 1 January 2020 4,558
Charge for the year 4,558
At 31 December 2020 9,116
Net book value
At 31 December 2020 9,114
At 31 December 2019 13,672
----- End of picture text -----

15 Investments

Investments
UK common investment funds Investments
£
Market value at 1 January 2020
Disposal
Net loss arising during the year
Market value at 31 December 2020
Cost at 31 December 2020		 107,564
(7,000)
(5,351)
95,213
38,529

Investments are stated at market value and include unrealised gains of £56,684 (2019: £62,035).

2020
£		 2019
£
Reconciliation of movements in unrealised gains
Unrealised gains at beginning of year
Less: realised gain on disposal of investments
Net (loss)/ gain arising on revaluation during the year
Total unrealised gains at end of year		 62,035
(1,649)
(3,702)
56,684		 40,819
(3,075)
24,291
62,035

The Canon Collins Educational and Legal Assistance Trust

Page 31

Notes to the financial statements Year ended 31 December 2020

16 Debtors

Debtors
2020
£		 2019
£
Taxation recoverable
Prepayments & accrued income
Defence and Aid Fund Limited(note 21)
Other debtors (note 22)		 1,756
10,005
2,000
467,956
481,717		 8,522
24,383
5,500
274,692
313,097

17 Creditors: amounts falling due within one year

Creditors: amounts falling due within one year
2020
£		 2019
£
Scholarship commitments
Creditors, accruals and deferred income
Taxation, social security and pension		 23,261
293,365
3,552
320,178		 32,546
100,878
4,281
137,705

18 Restricted Funds

----- Start of picture text -----
At 1 At 31
2020 January December
2020 Income Expenditure 2020
Notes £ £ £ £
Comic Relief LRC 2016 - 2020 (a) 341 261,642 261,642 341
Comic Relief Equal Education (b) 25,000 25,000 -
Graça Machel Scholarships (c) 1,063 - - 1,063
James Learmonth Scholarships (d) 7,429 2,901 6,314 4,016
Legal Assistance Trust (e) 175,000 - - 175,000
Leigh Day Scholarships (f) 659 26,666 15,233 12,092
Miscellaneous projects (g) 13,846 5,745 14,868 4,723
Ros Moger & Terry Furlong (h) 140,273 11,873 53,870 98,276
Sol Plaatje Educational Project (i) 84,028 135,000 103,828 115,200
Joel Joffe (j) - 21,400 8,128 13,272
Pegasys (k) - 9,236 8,987 249
Tom Queba Memorial Fund (l) - 9,297 8,778 519
Total 422,639 508,760 506,648 424,751
2019 At 1 At 31
January December
2019 Income Expenditure 2019
Notes £ £ £ £
Comic Relief LRC 2016 - 2020 (a) 265,439 265,098 341
Comic Relief Equal Education (b) 2,500 200,000 202,500
Graça Machel Scholarships (c) 1,063 1,063
James Learmonth Scholarships (d) 4,898 2,531 7,429
Legal Assistance Trust (e) 175,000 175,000
Leigh Day Scholarships (f) 26,666 26,007 659
Miscellaneous projects (g) 15,072 432 1,658 13,846
Ros Moger & Terry Furlong (h) 140,010 69,609 69,346 140,273
Sol Plaatje Educational Project (i) 84,251 135,000 135,223 84,028
Total 422,794 699,677 699,832 422,639
----- End of picture text -----

The Canon Collins Educational and Legal Assistance Trust

Page 32

Notes to the financial statements Year ended 31 December 2020

18 Restricted Funds (continued)

The restricted funds are specifically applied for the following purposes:

(a) Comic Relief LRC 2016 - 2020

Project income for LRC and CCELAT management and administration. Additionally, £28,565 was received for services provided by the Trust and has been recognised in unrestricted income.

Project income for Equal Education and CCELAT management and administration.

This programme enables southern African women from rural disadvantaged backgrounds to study health, education, science, economics and finance, and development-related subjects. All costs of this scholarship programme have been allocated to the restricted fund.

This fund was established by the friends and family of James Learmonth to improve education in Malawi.

The trustees reserve these funds, acquired as part of the 2012 merger, for use in support of the Legal Resources Centre.

This is a programme funded by Leigh Day and Co. to support students in South Africa studying for law degrees at the University of the Western Cape.

Donations received for:

Chancellor College (Malawi) in memory of Elizabeth Bird

support scholarships.

The Canon Collins Educational and Legal Assistance Trust

Page 33

Notes to the financial statements Year ended 31 December 2020

19 Analysis of net assets between funds

Analysis of net assets between funds
General
fund
£		 Restricted
funds
£		 Total
2020
£
Fund balances at 31 December 2020 are
represented by:
Intangible fixed asset
Investments
Net current assets
Total net assets		 9,114
95,213
17,428		 424,751 9,144
95,213
442,179
121,755 424,751 546,506
General
fund
£		 Restricted
funds
£		 Total
2019
£
Fund balances at 31 December 2019 are
represented by:
Intangible fixed asset
Investments
Net current assets
Total net assets		 13,672
107,564
79,649		 422,639 13,672
107,564
502,288
200,885 422,639 623,524

20 Financial commitments

At 31 December 2020 the charity had total commitments under non-cancellable operating leases as follows:

follows:
2020
£		 2019
£
Land and building (within one year (2020) 3,411 3,411

The charity has a licence to occupy office space. The licence terms allow the charity to give four

At 31 December 2020, the Trust had made scholarship commitments (where payment is subject to satisfactory academic performance) for the academic years 2021 - 2023 amounting to £220,661 (2019 - £336,577).

----- Start of picture text -----
Total Total
Unrestricted Restricted 2020 2019
Committed Scholarships £ £ £ £
Within one year (2020) 8,333 137,321 145,654 230,174
Within two to three years (2021 2022) - 75,007 75,007 106,403
8,333 212,328 220,661 336,577
Total
Unrestricted Restricted 2019
Committed Scholarships £ £ £
Within one year (2020) 16,667 213,507 230,174
Within two to three years (2021 2022) 8,333 98,070 106,403
25,000 311,577 336,577
----- End of picture text -----

The Canon Collins Educational and Legal Assistance Trust

Page 34

Notes to the financial statements Year ended 31 December 2020

21 Related- Party transactions

Defence and Aid Fund Limited

Two trustees John Battersby, Lawson Naidoo and the Chief Executive Officer (Stuart Craig), were directors (councillors) of Defence and Aid Fund Limited.

During the year CCELAT received gifts from Defence and Aid Fund Limited of £2,000 (2019: £2,500).

At 31 December 2020 Defence and Aid Fund Limited owed the Trust £2,000 (2019: £5,500).

22. Contingent assets

The charity is pursuing legal claims against the former executor of an estate in which the charity was the principal legatee and where the estate assets have been subject to fraud and misappropriation. The value of t

probability of success uncertain. An amount of £383,456 is included within other debtors representing legal costs incurred by the charity at 31 December 2020, which is considered recoverable from the estate assets. However no further amounts that may become due to the charity have been recognised in the financial statements, because the amount (if any) cannot be determined with reasonable certainty .

The Canon Collins Educational and Legal Assistance Trust

Page 35

CCELAT 2020 Accounts FINAL Final Audit Report 2021-06-09 Created.. 2021-06-03 By.. CCELAT. lfi.n8nce@canoncollins.org.ukl Sl8lus'. SigrEd Tr8nsaclion ID.. CBJcHBCNAB￿W1E￿1WX2R19AYOT10ZnefPK714zlr7 "CCELAT 2020 Accounts FINAL" History Document created by CCELAT . Ifinan¢e@¢anon¢ollins.org.ukl 2021-OM3- 7'.54..33 AM GMT- IP address.. 148.252.128.52 . Document emailed to Marjorie Ngwenya 1marj.boards@gmail.coml for signature 2021-0￿3- 8..00..20 AM GMT . Document emailed to David Holberton Idholberton@m8.coml for signature 2021-064)3- 8".00".20 AM GMT Email viewed by David Holberton ldholberton@me.coml 2021.06￿3. 8..03..10 AM GMT. IP addEss'. 88.97.24.178 Document e-signed by David Holberton ldholberton@me.coml Signature Date.. 2021-06-03- 8..03..56 AM GMT- Time Source.. setver- IP address.. 88.97.24.178 Email viewed by Marjorie Ngwenya 1marj.boards@gmail.coml 2021-06413- 2'.21.'24 PM GMT- IP address.. 72.2.34.251 Document e-signed by Maryorie Ngwenya lmari.boards@gmail.coml Signature Date.. 2021-06-09- 0..10..29 AM GMT- Time Sou￿.. 5etver- IP address.. 72.2.34.251 Agreement completed. 2021-0&09- 0."10".29 AM GMT la Adobe Slgn