Charlty registrdtion number 1114120
THE COLLINS EDUCATIONAL TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

THE COLLINS EDUCATIONAL TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
Trusts08
Mr F Colllns
Mr J M Collard
Mr K M Butcher
Charlty number
1114120
Prlnclpal addre88
10 Collett Way
Frome
Somersel
BA112XR
Independont oxamin•r
David Owen & Co
17 The Market Place
Deviz8S
Wiltshlre
SN10 1BA
Mogers Drewett LLP
St James, House
The Square
L¢)wer Brislol Road
Bath
BA2 3BH
Sollcltors

THE COLLINS EDUCATIONAL TRUST
CONTENTS
Page
Trustees report
Statemenl of trustees responsibilities
Independenl examinels report
Statement of financial activities
Balance sheet
Notes lo Ihe financial st8lement8
7-12

THE COLLINS EDUCATIONAL TRUST
TRUSTEES REPORT
FOR THE YEAR ENDED 30 JUNE 2024
The twstees present their report and accounts for the year ended 30 June 2024.
The financlal statements have been prepared in accordance with the accounting policies set out in note 1 to the
financial statements and comply with the charity's Trust Deed, the Charities Act 2011 and "Accounting and
Reporting by Charrties.. Statement of Recommended Practice applicable to charities preparing their a¢counts in
accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102)"
(effective 1 January 2019).
Obje¢tlve8 and actlvltle•
The Charity's objectives are to help young people and children in their education and training by way of awardlng
Scholarships. exhibitions, bursaries or maintenance allowances tenable at any School. University or educational
establishment approved by the Trustees to persons who are in need of financial assistance in order to attend
such educational establishment and in otherwlse furthering the education of such persons.
The Truste8s hav8 paid due regard to guidance issued by the Charity Commission in deciding what activitles the
Charity should undertake.
Achlevements and perforniance
During the course of the year the Charity received donation5 from the Collins Family amounting to £82,783
gross. We assisted 14 GCSEIA-level students in the year together with 4 more in higher or other education,
paying out grants tolalling £55,000 (2022-23 - £62,366)
Al 30th June 2024 the Charity had made grant commitments for future assistance to students amountlng to
£161,000 and our commilmenl8 for the 2024-25Academic Year are in excess of £60,000.
Flnanclal revlew
Our 'natural income, from investments was not sufficient lo cover the Bursaries awarded and the running cosls of
the Charity but the shortfall was more than covered by growth In the value of the Investments, in line with the
overall 'total return. pollcy, and the donations. The Charity's overall asset base grew by more than 10% over the
cour8e of the year.
This was in line with the Trustees strategy to grow the asset base to ensure the long-term suslainabilily of the
Charity, recognising the effects of inflation on the value of the Bursaries awarded and a desire to try to grow over
tim8 in a sustainable way the number of students who can be supported by the Charity.
This followed two years where the value of the Charity's assets had declined, In part due lo poor perfomance of
the investment portfolio. During 2023-24 the Truslees have undertaken a thorough review of the investment
strategy. resulting in both a change of investment manager, and a complete change to the investment strategy,
separating oul the need to generate cash flow for the bursary provision and day-lo-day expenses from the long-
term growth needs.
The Trustees are mindful both of the effects of inflation on education fees, and how this erodes the value of
bursaries ov8r time, and also the effect of the forthcoming imposition of VAT on private school fees and will be
reviewing the latter over the coming months in conjunction with the schools that the Charity works with.
During the year the Charlty has a150 undertaken further brand development by commlssioning, using funds
donated for the purpose, Iwo videos explaining the work of the Charity and its impact, which are available to view
on the Charity's website.
The Trustees have assessed the major risks to which th8 Charty is exposed, and are satisfied thal systems are
in place to mrtigate exposure to the major risks.

THE COLLINS EDUCATIONAL TRUST
TRUSTEES REPORT (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Structure, govornancè and management
The Charity was established by a charitable trust deed on 1 July 2005.
The Truste8s who served during the year and up to the date of signature of the financial statements were,.
Mr F Collins
Mr J M Collard
Mr K M Butcher
Trustees are re¢ruited so as to ensure the Trustee Board continues to have the necessary range of skills to
enable the Charlly to fulfil its charltable obj8Ctives. Where n8cessary the Trustees are given training in their role
as a Trustee.
There are no slaff. Day to day administration is carried out mostly by Mr F G Collins, one of the Trustees, and the
Trustees meet as required.
ustees report was approved by the 8oard of Trustees.
Col
Dated: 7 February 2025

THE COLLINS EDUCATIONAL TRUST
STATEMENT OF TRUSTEES RESPONSIBILITIES
FOR THE YEAR ENDED 30 JUNE 2024
The truslees are responsible for preparing the Trustees Report and the financral statements in accordance with
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practio).
The law applicable to charities in England and Wales requires the trustees lo prepare financial statements for each
financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and
application of resources of the charity for that year.
In preparing these financial Statements, the trustees are required to..
select suitable accounting policies and then apply them consistently.,
observe the methods and principles in the Chaflties SORP.,
make judgements and estimates that are reasonable and prudent.,
state whether applicable accounting standards have been followed, subject to any material departures disclosed
and explained in the financial statements., and
prepare the financial staternenls on the golng concern basls unless it is inappropriate to presume that the charity
will continue in operation.
The twstees are responsible for keeping sufficient accounting records thal dS8close wllh reasonable accuracy at any
lime the financial position of the charfly and enable Ihern to ensure Ihal the financial statements comply wtth the
Chariti8s Act 2011. the Charity (Accounts and Reports) Regulations 2008 and the provlsions of the trust deed. They
are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for tha
prevenlion and detection of fraud and other Irregularities.

THE COLLINS EDUCATIONAL TRUST
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF THE COLLINS EDUCATIONAL TRUST
I report on th8 financlal statements of the charity for the year ended 30 June 2024, which are set out on pages 5
to 12.
Respective re8pon81bllitle8 of trustee8 and examiner
The charity's trustees are responsible for the preparation of the financial statements. The charitws trustees
consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act}
and that an independent examination is needed.
It Is my responsibility to..
examine th8 financial statements under section 145 of the 2011 Act,.
(li) to follow the procedures laid down in the general Dir8clions given by the Charity Commission under section
145(5){b} of the 2011 Act,. and
(ill) to state whether partlcular matters have come to my attention.
Ba818 of Independent examlnetr8 report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An
examination includes a review of the accounting records kept by the Charity and a comparlson of the financial
statements presenled with those records. It also includes consideration of any unusual it8ms or disclosures in the
financial statements, and seeking explanations from you as trustees concerning any such matters. The
pro¢edures undertaken do not provide all the evidence that would be required in an audit and consequently no
opinion is given as to whether Ihe financial statements present a 'true and fair vlew, and the report is limited to
those matters sel out in the next statement.
Independent examlneff8 ststsment
Your attention Is drawn lo the fact that the ¢harity has prepared financial statem8nls in accordance wilh
Accounting and reporting by Charities preparing their accounts in accordance with the Financial Reporting
Standard appli¢able In the UK and Republic of Ireland (FRS 102) in preference to the A¢counling and R8POrting
by Charities.. Slalement of Recommended Practlce issued on 1 April 2005 which is referred to in the exlanl
regulations bul has now been withdrawn.
l understand that Ihis has been done in order for the financial statements to provide a true and fair view in
accordance with Gen8rally Accepted Accounting Practice effective for ￿porting p8riods beginning on or after 1
January 2015.
In connectlon with my examination. no other matter exc8Pt that referred to in the previous paragraph has Come to
my allention..
(a) which give8 me reasonable cause lo believe thal In any material respect the requirements:
(i) lo keep accounting records in accordance with section 130 of the 2011 Act,. and
(11) to prepare financial slatements which accord with the accounting records and comply with the
accounting requirements of the 2011 Act.,
have not been mel or
(b) lo which, in my opinion, attention should be drawn in order to enable a proper understanding of the
flnancial statements to be reached.
Andrew Coombes FCCA
David Owen & Co
Chartered Accountants
17 The Market Place
Devizes
Wiltshire
SN10 1BA
Dated: 7 February 2025

THE COLLINS EDUCATIONAL TRUST
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 30 JUNE 2024
Unre3trfcted Unréstrleted
funds
funds
2024
2023
Notes
Income from:
Donations and legacies
Investments
85,483
42,930
8,750
41,005
Totsl Income
128,413
49,755
Expendlture on:
Raising funds
Charitable activit18S
13,285
64,353
10,000
64,098
Total expenditure
77,638
74,098
Net galnsl(losses) on investments
11
64,027
(18,784)
Net Incomel(•xpgndlture) and movoment In funds
114,802
(43,127)
Reconclllatlon of funds:
Fund balances at 1 July 2023
1,077,965
1,121,092
Fund balances at 30 Jung 2024
1,192,767
1,077,965
The statement of financial activilies includes all gains and losses recognised in the year. All income and expenditure
derive from continuing activities.

THE COLLINS EDUCATIONAL TRUST
BALANCE SHEET
AS AT30 JUNE 2024
2024
2023
Notes
Flxed assets
Investments
13
1,141,231
1,067,006
Curront assets
Cash at bank and in hand
52,832
12,328
Crodltors: amounts falllng dug wlthln
one year
14
(1,296)
(1,367)
Net currant assets
51,536
10,959
Total a880ts1088 currgnt Ilabllltle8
1,192,767
1,077.965
The funds of tho charity
Unrestricled funds
15
1,192,767
1,077,965
1,192,767
1,077,965
The financlal stalements were approved by the truste88 on 7 February 2025
ollins
Mr J M Collard

THE COLLINS EDUCATIONAL TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
A¢¢ountlng polici08
Charlty Infomiatlon
The Collins Educational Trust was established by a charrtabl8 trust deed on 1 July 2005.
1.1 Accountlng convention
The accounts have been prepared in accordance with the charity's trust deed, the Charities Act 2011 and
'A¢counling and Reporting by Charitie5'. Statement of Recommended Practice applicable to charities
preparing their accounts in accordance with the Financial Reporting Standard appllcable in the UK and
Republic of Ireland (FRS 102)° las amended for accounting periods commencing from 1 January 2016).
The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advanlage of the provisions in the SORP for charities applylng FRS 102 Update Bulletln
1 not lo prepare a Statemenl of Cash Flows.
The financial statements a￿ prepared In stertlng, whlch Is the functional currency of Ihe charlty. Monatary
amounts In these financial statements are rounded lo the nearest £,
The accounts have been prepared under the historical cost convention, modified lo include ￿rtaIn financial
instruments at fair value. The principal accounting policies adopted are set out below.
1.2 Golng concern
At the time of approving Ihe financial statements, the trustees have a reasonable expectation that the charlty
has adequate resources lo continue in operatlonal existence for the foreseeable future. Thus the trustees
continue lo adopt the going concern basis of accounting in preparing the financial statements,
1.3 Charltablè funds
Unrestricted funds are available for use 8t the discretlon of the twslees In furtherance of their charitable
objectives.
1.4 Income
Income is recognised when the charlty Is legally entitled lo it after any performance conditions have been met,
the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified
of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in
relation lo donations received under Gift Aid or deeds of covenant is recognised al the time of the donation.
Legacies are recognised on re￿Ipl or othetwise if the charity has been notified of an impending distributlon,
the amount is known, and receipt is expected. If the amount is nol known, the legacy 18 treated as a
contingent asset.
Investment income is recognised when receivabl8 and can be measured reliably by the charity.
1.5 Expenditure
All expendilure is accounted for on an accruals basis.
1.6 Fixed asset Investments
Fixed asset investmenls are initially measured at transaction price excluding transaction costs, and are
subsequently measured at fair value at each reporting da18. Changes in fair value are recognised in net
incomel{expenditure) for the year. Transaction costs ar8 expensed 8$ incurred.

THE COLLINS EDUCATIONAL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Accounting policles
(Contlnued)
1.7 Cash and cash equlvalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid
inv8Stments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown
within borrowings in current liabilities.
1.8 Financlal in8truments
Th8 charity has elected to apply the provislons of Section 11 'Basic Financial Instruments, and Section 12
'Other Financial Instruments Issues, of FRS 102 to all of its financial instruments.
Financial inslrumenls are recognised in the charity's balance sheet when the charity becomes party to the
contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial stalements, when
there is a legally enforceable right to sel off the recognised amounts and there is an intention to settle on a net
basis or to realise the asset and settle the liability simultaneously.
Baslc financlal assets
Basic financial ass8ts, which include d8blors and cash and bank balances, are initially measured at
transaction price including transaction costs and are subsequently carried at amortlS8d cost using the effective
Interest method unless the arrangement constitutes a financing transaction, where the transaction is
measured at the present value of the future receipts dlscounted al a market rate of interest. Financial assets
ciassified as receivable within one year are not amortised.
Baslc flnanclal Ilablllties
Basic financial liabilities. including creditors and bank loans are initially recogni8ed at transaction price unle88
the arrangement constilules a financing iransa¢lion, where the debt instrument is measured at the present
value of the future payments discounted at a markel rate of int8r8$t. Financial liabilities classified as payable
within one year are not amortised.
Debt instruments are subsequently carried at amortlsed cost, uslng the 8ffecliv8 Interest rale method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of
operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one
year or less. If not, they ar8 presenled as non-current liabilities. Trade Creditors are recognised initially at
transaction price and subsequently measured at amortised cost using the effective interest method.
Derncognitlon of flnanclal Ilabllltles
Financial liabilities are derecognised when the charily's contractual obligations expire or a￿ discharged or
canc8lled.
1.9 Unre8tr1cted Funds
Unrestricted funds consist of income re￿iVed or generated for the objects of the Trust withoLrt fijrther
specified purposes and thus available as general funds.
Incom• from donation8 and legacies
Unrestrlct•d Unrestrlcted
fund3
funds
2024
2023
Donations and gifts
85,483
8,750

THE COLLINS EDUCATIONAL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Income from Inv081ments
Unrestricted Unrostricted
funds
funds
2024
2023
In￿me from listed investments
Interesl rec8ivab18
42,440
490
41,005
42.930
41,005
Ralslng fund8
2024
2023
Investment management
13,285
10.000
13,285
10,000
Charltable actlvltlos
Grants
2024
Grants
2023
Grant funding of actlvities (see note 6)
Share of governance costs (see note 7)
55,000
9,353
62,366
1,732
64,353
64,098
Grant8 payable
2024
2023
Grants lo individuals
55,000
62,366
55,000
62.366
Commitment8
The Trust has grant ￿mMitMentS totalling £161,000. The amount payable in the year to 30 June 2025
amounts lo £58.000.

THE COLLINS EDUCATIONAL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
Support costs allocated to actlvitl98
2024
2023
Governance costs
9,353
1,732
Governance costs compr180:
2024
2023
Accountancy
Charges
Web hosling
Branding
1.260
60
333
7,700
1,250
60
322
100
9,353
1,732
Net movement In funds
2024
2023
The net movement in funds is stated after chargingl(crediling)'.
Fees payable for the independent examination of the charity's financial
statements
1,260
1,250
Trust008
During the year to 30 June 2024, no Trustees recelved any funds from the Charity. Thls was the same for the
year to 30 June 2023.
10 Employees
There w8re no employees during the year.
11 Net gainsl{108808) on Inve8tmonts
2024
2023
Revaluation of Investments
Gainl(loss) on sale of investments
39,732
24,295
74,525
(93,309)
64,027
(18,784>
10-

THE COLLINS EDUCATIONAL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
12 Taxallon
The charity is exempt from taxation on its activities because all the income 1$ applied for charrtable purposes.
13 Flxed asset Inve8tm8nt8
Ll8ted
Inve8tments
C08t or valuatlon
At 1 July 2023
Additions
Valuation changes
Disposa18
1,067,006
1,447,564
39.732
(1,413,071)
At 30 June 2024
1,141,231
Carrylng amount
At 30 June 2024
1,141,231
At 30 June 2023
1,067,006
Flxed asset Invogtments revalued
The historical cosl of ftxed asset investments wa8 £1,084,010 (2023 £1,049,516).
14 Creditor•: amount8 falllng due wlthln one year
2024
2023
Accruals and deferred Income
1,298
1,367
15 Unre8trlcted funds
The unrestricted funds of the charity comprise Ihe unexpended balances of donations and grants which are
nol subject to specifi¢ conditions by donors and granlors as lo how they may be used. These include
deslgnated funds which have been sel aside out of unrestricted funds by the trustees for speafic purposes.
At 1 July 2023
Incoming
resOU￿e8
Resources
expended
Galn8 and At 30 June
losseg
2024
General funds
1,077.965
128,413
(77,638)
64,027
1,192,767
11

THE COLLINS EDUCATIONAL TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
16 Unrestrfcted funds
(Contlnued)
Previous year:
At 1 July 2022
Incomlng Resourc08
resourGeS
expended
Galns and At 30 June
losses
2023
General funds
1,121,092
49,755
(74,098)
(18,784)
1,077,965
16 Related party transactlons
Payments totaling £7.500 were made to Mr J Collard, Trustee in respect to the development and production of
a promotional video. Al 30 June 2024 there were no amounts outstanding between the charity and Mr J
Collard.
Cash donalions totaling £10,800 ware received from Mr F Colllns, Trustee during the year to 30 June 2024. In
addition, shares valued at £71,983 were transferred lo charity by Mr F Collins.
12-