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2025-08-31-accounts

The Liliesleaf Trust UK

(from 30th January 2026, The Anti-Apartheid Legacy Trust)

Trustees’ Annual Report and Financial Statements For the period ended 31 August 2025

Chair’s Statement ............................................................................................................................ 3 About the Charity............................................................................................................................. 4 Year in Focus 2024 - 2025 .............................................................................................................. 4 Activities and Impact ....................................................................................................................... 8 Impact Snapshot ........................................................................................................................... 14 Capital Project Update .................................................................................................................. 15 Looking Ahead .............................................................................................................................. 16 Structure, Governance and Management .................................................................................... 17 Financial Review ........................................................................................................................... 17 Annual Accounts ........................................................................................................................... 19

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Charity Number: 1180953 Registered address: 28 Penton Street, London N1 9PS (from 30[th] January 2026, previously 116 Pall Mall, London, SW1Y 5ED) Website and social media: https://antiapartheidlegacy.org.uk/ https://www.linkedin.com/company/the-anti-apartheidlegacy-centre/ https://www.instagram.com/antiapartheidlegacy/ https://www.facebook.com/AntiApartheidLegacy/ https://bsky.app/profile/antiapartheidlgcy.bsky.social https://twitter.com/PentonStreetCML Professor Chris Mullard CBE DL Hon LLD. Chair Trustees: Mr. Sarvothum Kamath (from 19.03.2026) Vice Chair Baroness Lynda Chalker Mr Colin Chester (from 14.02.2026) Ms Pietra-Marie De Mello-Pittman MBE (from 14.02.2026) Ms. Christabel Gurney OBE (from 19.03.2026) Lord Peter Hain Ms. Lela Kogbara His Excellency Jeremiah Nyamane Mamabolo Ms. Sasha Saretta Müller Ambassador Nomatemba Tambo Revd. Dr. Molefe Tsele Director: Mrs. Caroline Kamana Contact: info@antiapartheidlegacy.org.uk Bankers: CAF Bank, 25 King’s Hill Avenue, King’s Hill, West Malling, Kent ME19 4JQ Accounting: Keevil Accountancy Limited, 1 Hobbs Hill, Trowbridge, Wiltshire, BA14 6LR Auditors: Sawin & Edwards LLP, Studio 16, Cloisters House, 8 Battersea Park Road, London, SW8 4BG

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Chair’s Statement

This reporting period marks a significant moment in the Trust’s development, as we move from aspiration to realisation in the creation of the Anti-Apartheid Legacy Centre at 28 Penton Street, the London based headquarters of the exiled ANC (African National Congress) and its President, Oliver Reginald Tambo.

Alongside this, the Trust has continued to deliver a strong and growing programme of activity, reaching diverse audiences through education, exhibitions and community engagement. As you will read in the pages which follow, this work demonstrates both the relevance and impact of our approach, and provides a firm foundation for our continuous development, as the Centre enables us to deepen and scale this activity.

So, at the time of writing, the organisation is entering a new phase. The Board has been strengthened through new appointments, bringing additional expertise across museums, heritage and the arts. I am also pleased to welcome back Suresh Kamath as Trustee and now Vice Chair, whose experience and long-standing commitment will be of particular value as we prepare for the opening of a permanent public space.

The year under review, and the period since, have unfolded within a wider context of global instability and political uncertainty. At the time of writing, these conditions show little sign of easing. For, in such a climate, the relevance of the histories we engage with becomes ever more apparent. The anti-apartheid struggle was not only a movement for national liberation, but a profound expression of international solidarity and moral courage. Its lessons remain urgent.

I have been struck by the quality of the Trust’s programme this year, particularly the Resilient Roots exhibition at Chelsea Physic Garden, which exemplified intergenerational learning and the meaningful sharing of diverse heritage within the public realm.

As we look towards the Centre’s opening in 2026, we do so with a clear sense of purpose: to create a space where history is not only preserved, but actively engaged as a resource for reflection, dialogue and action.

My thanks to fellow Trustees, staff, partners and communities who continue to sustain and shape this work and to all who continue to believe and support the democratic and inalienable rights of all to work towards a better future for the children of tomorrow. Thank you.

Professor Chris Mullard Chair of Trustees

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About the Charity

The Anti-Apartheid Legacy Trust (formerly The Liliesleaf Trust UK) exists to advance public understanding of the anti-apartheid struggle and the role of international solidarity, particularly in Britain, in bringing about democratic change in Southern Africa.

Through heritage, education, arts and community engagement, the Trust uses this history to empower people to engage with societal issues including racism, inequality, and civic participation.

Our mission is to “Empower communities today through the heritage of the anti-apartheid struggle in Britain, exploring how solidarity, equality, anti-racism, and civic participation can change the world.”

We draw on the legacy of anti-apartheid solidarity to inspire contemporary action, with a focus on marginalised and underrepresented communities.

Our flagship initiative is the development of the Anti-Apartheid Legacy Centre (AALC) at 28 Penton Street, the former headquarters of the African National Congress in exile. Opening in late 2026, this will be Europe’s first dedicated museum and education centre exploring the antiapartheid struggle and its global legacy.

The AALC will deliver transformative learning rooted in the values of the Southern African freedom struggle and global solidarity. It will spotlight underrepresented histories, promote antiracism, and champion equity in storytelling and heritage.

The Trustees confirm that they have had due regard to the Charity Commission’s guidance on public benefit in planning and delivering the Trust’s activities.

Year in Focus 2024 - 2025

A Transformational Year: From ‘Museum Without Walls’ to Permanent Centre

The year to 31 August 2025 marked a major milestone in the Trust’s evolution. While continuing to deliver a strong programme as a ‘museum without walls’, we began the physical realisation of the Anti-Apartheid Legacy Centre at 28 Penton Street - establishing a permanent home that will enable us to grow, deepen and sustain our impact.

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Programme Delivery and Public Engagement

Alongside the capital build, the Trust continued to deliver a strong programme of educational, public and community engagement activity, reaching 22,098 people through 110 activities and events.

Programmes focused on:

Audiences:

Our objectives are to raise awareness of anti-apartheid history across Britain and the United Kingdom and empower marginalised communities by activating the lessons learnt from antiapartheid history. Our key audiences:

Islington Young People
(ages 2-18)
Engage young people with
learning opportunities and
provide resources for
engagement and teaching		 Global Majority Young
People (ages 12-24)
Support connection and
empowerment through targeted
progression pathways		 Global Majority, Sanctuary
Seekers, Disenfranchised
Enrich programming and
address social connection
needs, with resonant
programme
Local People (-2km)
A community resource,
encourage engagement with
dynamic programme &
amenities		 Black-Led/Social
Justice/Special Interest
Encourage engagement and
research, new knowledge &
contemporary connections		 Wider Cultural Heritage
Audiences
Attract visitors from
(inter)national audiences with
onsite and online offers

Priority Audiences

We focus on Global Majority, Southern African diaspora, and first-Generation Migrant groups (including sanctuary seekers), expecting higher engagement from these traditionally underrepresented communities due to their connection to anti-apartheid themes and to advance our mission to engage those predominantly marginalised from and by arts, culture, heritage and

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educational offers.

Collections and Interpretation Development

The Trust continued to develop its collections, archives and plans for how these stories will be presented and experienced within the Centre, ensuring a rich, inclusive and accessible account of anti-apartheid history and its contemporary relevance.

Capital Project Milestone

Following the award of Permission to Start from the National Lottery Heritage Fund in August 2024, construction commenced at 28 Penton Street.

Preparatory works began in the autumn of 2024, culminating in a formal breaking-ground ceremony in October to mark the start of construction at 28 Penton Street. The event brought together key stakeholders and supporters, including Dr Debbie Weekes-Bernard, London’s Deputy Mayor for Communities and Social Justice, funders, partners, members of the Southern African Diaspora and the local community, including representatives from Islington Council, London Metropolitan University and Elizabeth Garrett Anderson School, as well as former members of the Anti-Apartheid Movement, contemporary activists and community organisers, recognising the significance of the project both locally and nationally.

It marked the transition from planning to delivery and the realisation of a long-held ambition to create a permanent centre dedicated to learning about and from the anti-apartheid struggle and international solidarity.

The event was covered by The Evening Standard Newspaper, as well as local Islington press. The Deputy Mayor gave a speech which spoke of her pride in London becoming home to such a significant project, adding that learning from the past will help us tackle racism and injustice today. Hon. Lord Peter Hain, trustee and a veteran anti-apartheid activist, reminded guests that apartheid extended well beyond South Africa onto British soil. On March 14, 1982, the ANC headquarters in London was firebombed by apartheid security forces. He emphasised that reopening the building would act as a beacon, inspired by the values of the anti-apartheid struggle - for human rights, social justice, and equal opportunities. These values remain paramount today and underpin the work of the Centre.

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His Excellency J.N. Kingsley Mamabolo and Deputy Mayor Dr Weekes-Bernard ‘breaking-ground’ at Penton Street on 16th October 2024 (left). Guests from the SA diaspora in the UK, some of whom worked in the building when it was the ANC’s London HQ (right).

The commencement of works unlocked the next phase of the project, enabling capital delivery alongside an expanded programme of engagement and interpretation development. Penton Street’s design team is led by architects Al-Jawad Pike, with structural engineering by Milk Design and services engineering by Ritchie+Daffin. Cragg Management are engaged as capital project managers, and Appleyard & Trew LLP as quantity surveyors. Local contractors Sullivan Brothers Construction are delivering the capital works.

Scaffolding was erected at the front of 28 Penton Street, to enable works to take place and to protect the building façade. Students from Elizabeth Garrett Anderson School transformed the hoardings covering the façade of 28 Penton Street into a powerful tribute to anti-apartheid activists.

As part of a creative learning programme, Key Stage 3 students explored the lives of six South African freedom fighters with ties to the building. Their research and reflection led to a series of striking portraits. The students' artwork, shaped through workshops and study, reflects both historical insight and deep personal engagement. The unveiling took place in January 2025, with veteran ANC activist Pallo Jordan in attendance, who said, “The centre will be a place to remember the sacrifices made and to educate future generations about the struggle for freedom.”

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Fundraising and Organisational Development

Significant progress was made in securing over £600,000 of funding during the reporting period to support both capital delivery and programme activity, strengthening the Trust’s financial position and enabling continued delivery at pace. New grants were awarded by Islington Borough Council, This Day Foundation, The Portal Trust, The Sol Plaatje Educational Project and the University of East Anglia during this period.

Staff costs were supported by core funds and existing grants, including from National Lottery Heritage Fund, Islington Borough Council, The Joel Joffe Charitable Trust and London Metropolitan University. Capital works were enabled by funding from The Mayor of London’s Good Growth Fund, Garfield Weston Foundation, The Joel Joffe Charitable Trust, Islington Borough Council, Clothworkers Foundation and City Bridge Foundation.

Activities and Impact

Programme Overview

Formal Learning

The Trust delivered a programme of curriculum-linked workshops, school sessions and higher education collaborations, supporting learners to engage critically with anti-apartheid history and its contemporary relevance.

Schools

During the year:

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Feedback from teachers and students highlighted the value of connecting historical content with contemporary themes, supporting critical thinking, empathy and civic awareness.

“The session was very informative about a part of history not covered in the national curriculum. It was great to be able to link it to our programme of enrichment learning focused on the injustice of discrimination and the role of activism in bringing about change ” Primary School Teacher (February 2025)

“ One of the best visits I have done in my teaching career. Hands on evidence - artefacts - students loved handling them, and taught them so much about the role played by London and the Anti- Apartheid Movement” Secondary School Teacher (May 2025)

Case Study : Beverley Naidoo’s ‘ Journey to Jo’burg’ 40[th] Anniversary - March 2025

A highlight of the year was a large-scale learning event marking the 40th anniversary of Journey to Jo’burg , delivered in partnership with long-standing collaborators at London Metropolitan University, hosted on their campus, significantly extending reach and impact.

The event engaged 322 pupils and 51 adults (teachers, teaching assistants and parents) from eight local primary schools, alongside university student volunteers and staff - reaching over 380 beneficiaries in total and significantly exceeding initial targets, with strong demand from across the borough of Islington.

Pupils explored the history of apartheid through literature, meeting award-winning author Beverley Naidoo in conversation with Michael Rosen and Darren Chetty, and participating in a creative showcase of their own work. Hosting the event within a university setting also provided many pupils - who would not typically access higher education spaces - with a valuable opportunity to experience learning in that environment, supporting aspiration and educational enrichment.

Teachers from Newington Green Primary School either side of Michael Rosen (left of Beverley), Beverley Naidoo (centre), Darren Chetty (right of Beverley), with four year 6 students from Newington Green primary school (l-r Imaani, Naema, Scout and Estavan) who were awarded signed personalised copies of ‘Journey to Jo’burg’ for their incredible creative responses (art, poetry and prose) to the themes of the book.

Carmen Valino Photography.

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The event also created meaningful opportunities for university staff and students to contribute through volunteering and skills-based roles, including event delivery, documentation and audience engagement.

Feedback highlighted strong impact, with pupils demonstrating increased understanding of apartheid and its contemporary relevance, and teachers reporting strengthened curriculum links and new approaches to teaching social justice themes.

“I recommend that lots of people read ‘Journey to Jo’burg’ because it is a very good book and it teaches you a lot of things” Naema (yr 6)

“It could empower lots of people to do things that some are too afraid to do and you should never be afraid to do the right thing” Estavan (yr6)

For more student feedback watch this short clip.

Tertiary Education

Partnerships with universities supported student placements, semester-long live briefs, studentled public-facing activity and research-led outputs, contributing to educational impact, community engagement and the development of future heritage practitioners.

University partners during the year included London Metropolitan University, University of East Anglia, Newcastle University, Goldsmiths, Royal College of Art, Queen Mary University of London, Syracuse University, Université Paris Sorbonne North, University of Edinburgh, University of Oxford and the London Higher Network. In total, the Trust supported the learning of at least 507 undergraduate and postgraduate students.

Live Briefs

The Trust delivered nine semester-long live briefs across courses including curating, interior architecture and design, graphic design, illustration and animation, and visual communication, in partnership with London Metropolitan University, the Royal College of Art and Goldsmiths.

Live briefs invited students to respond to anti-apartheid histories through their disciplinary practice, producing creative and research-led outputs for public engagement. Examples

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included the development of a travelling archive concept with associated schools resources, and student responses exploring the contemporary relevance of the Freedom Charter ahead of its 70th anniversary in 2025.

Selected student work and reflections have been published on the Trust’s website, extending their reach to wider audiences. These include:

Jordi Rendon presents a speculative exhibition designed to mark the 70th anniversary of the Freedom Charter, exploring how visual language can communicate historical and democratic values. It describes design decisions (palette, typography, layout, interactivity) rooted in archival research and heritage interpretation, intended to make the history accessible and relevant for youth audiences today.

Abigail Warren examines the spatial and racial legacy of District Six’s forced removals in Cape Town in light of the Freedom Charter’s promises. It juxtaposes archival maps, photographs, and contemporary perspectives to interrogate how the Charter’s “city and land” clauses resonate in urban justice debates today, supporting public engagement with the lived geography of apartheid, memory, and heritage. The student author shares their animation created as part of our semester work based learning.

Placements and Skills Development

During the year, 17 students undertook placements and internships, benefitting a total of 765 hours of skills development.

Students supported a range of core organisational activities, including:

Placements were delivered in partnership with London Metropolitan University, the University of Oxford and Newcastle University, providing students with practical experience while directly supporting the Trust’s programme and development.

Public & Community Engagement

The Trust delivered a programme of exhibitions, talks, screenings and community events, engaging diverse audiences and foregrounding underrepresented histories. Activity was delivered in partnership with organisations across the heritage, arts and community sectors, with a continued focus on engaging diaspora communities and those with lived experience of the anti-apartheid struggle.

All Shall Be Afforded Dignity! (ASBAD) – National Touring Programme

Following its successful launch in London in April 2024, All Shall Be Afforded Dignity! toured to seven locations during the reporting period, welcoming over 12,670 visitors.

The exhibition - featuring linocuts, prints and political cartoons by artist Norman Kaplan - marks 30 years since South Africa’s first democratic elections. Drawing on work produced during apartheid, exile and the post-liberation period, it explores themes of dignity, democracy and resistance, including Kaplan’s award-winning All Shall Be Afforded Dignity , now permanently installed at South Africa’s Constitutional Court.

The tour included exhibitions in Norwich, Newcastle, London, Manchester, Bristol and Oxford, each accompanied by locally tailored programming. This included:

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The exhibition also incorporated local anti-apartheid and solidarity archive material at most venues, strengthening connections between national history and local communities. Delivery was supported by a range of partners, including Newcastle University, the International Coalition of Sites of Conscience and the Hainsford Foundation (via ACTSA) in Newcastle; the Gibbs Charitable Trust in Bristol; the University of East Anglia in Norwich; and Manchester’s Portico Library. These organisations supported both transport, installation and programming in these cities, with ACTSA overseeing the programme in Oxford. The tour as a whole was underpinned by the National Lottery Heritage Fund.

Wider Public Programme and Partnerships

Partnership sits at the heart of our approach, shaping the integrity, quality and sustainability of our work. Over the past year we have continued to develop collaborations across local, national and international contexts, working with institutions, grassroots groups, academics, artists, educators and activists to ensure our programme is inclusive, participatory and rooted in the communities we serve.

The Trust continued to deliver a wider programme of public engagement activity, including film screenings, talks and community events. This included three screenings of London Recruits , as well as an oversubscribed Refugee Week event delivered in partnership with Go Africa Community Hub CIC, bringing together community members to reflect on themes of identity, justice and solidarity.

The Trust also began a new partnership with the British Library, contributing to the development of audio-visual interpretation for the forthcoming Secret Maps exhibition, drawing on antiapartheid and post-apartheid cartographic collections.

Community Collaboration and Creative Programme

Partnership working remained central to the Trust’s approach. In collaboration with London Metropolitan University and Chelsea Physic Garden, the Trust delivered Resilient Roots , a temporary exhibition, held in June 2025, exploring Southern African plant heritage through intergenerational exchange that was a culmination of our 2023-24 programme that brought together students and members of the Trust’s Southern African diaspora community. The exhibition combined artistic practice, archival research and lived experience to explore themes of resilience, migration and cultural memory and had over 2000 visitors in two weeks.

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Sammy Davis Guaman pictured with his work ‘To Harvest’ (botanical inspirations: Protea and Lapidaria).

Photo: Stephen Blunt

“I was inspired by Nelson Mandela’s words from prison on how gardening offered a rare sense of control and quiet hope. Planting, tending, and harvesting became acts of resilience... The Protea symbolises South Africa’s diverse identity, while the blocky Lapidaria forms recalled a raised fist - sparking visual expressions of resistance and the ongoing struggle for freedom and justice.” Sammy.

Alongside this, the Trust initiated a new community mural project for the Learning Garden at the Anti-Apartheid Legacy Centre, with London Metropolitan University’s Centre for the Creative Arts and Cultural Engagement. Led by artist HAM the Illustrator, the project brings together participants with lived and inherited connections to the anti-apartheid struggle to co-create a large-scale artwork for reflecting collective memory, resistance and solidarity. We look forward to sharing more on this in our next reporting period.

Collections

The Trust continued to expand its collection during the year, strengthening the breadth and depth of material available to support learning, research and future display at the Centre. This included the recording of oral histories and the acquisition of items connected to anti-apartheid heritage.

New additions included several hundred posters and leaflets relating to local anti-apartheid activity, alongside vinyl records, postcards, photographs and badges. The Trust also confirmed the inclusion of the touring Norman Kaplan prints as part of the Centre’s permanent collection.

Digital & Reach

The Trust’s website continues to act as a key access point for audiences, hosting digital content, educational resources and programme outputs, extending the reach of the Trust’s work beyond in-person activity.

During the year:

Digital activity remains central to the Trust’s long-term audience development strategy, connecting with audiences beyond the physical Centre while enriching in-person visits. It is building a dynamic repository of programme work, resources and collections, ensuring wider and more sustained access to anti-apartheid histories. As the Centre opens, digital platforms will be integral to extending our reach, enabling hybrid participation and supporting deeper,

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ongoing engagement with our work.

Impact Snapshot

During the year ended 31 August 2025, the Trust achieved:

----- Start of picture text -----
Nearly 40,000 individual 22,089 participants in Learning enrichment
people visited our website programmes and visitors for over 500 higher
to exhibitions education students
Worked with 39 schools 6 Seminars & Panel 110 programme events
and colleges across Britain talks for academic and activities
audiences
1,770 volunteer hours 8 partner exhibitions 5 film screenings with
supported Q&A
Supported learning for 90% increase in 281% increase in in-
1621 primary and downloads of person audience
secondary students Educational Resources engagement
9 community events 205% rise in first time 765 hours of skill
visits to our website development for
interns
----- End of picture text -----

This growth has been achieved alongside the delivery of a major national touring exhibition and the progression of the capital project, and within a lean staffing structure. It reflects the strength of the Trust’s partnership-led model and the increasing resonance of its programme with diverse audiences in the UK and internationally.

Together, these outcomes reinforce the Trust’s role as a dynamic and expanding “museum without walls” as it moves towards opening a permanent home.

Evaluation and Learning

As an organisation committed to centring communities, evaluation remains integral to how the Trust reflects on and develops its work. During the year, the Trust appointed Bright Ideas Consulting as its independent evaluation partner, building on an existing Theory of Changebased Evaluation Framework (2025–2028) developed in earlier phases.

Bright Ideas bring expertise in participatory evaluation and working with marginalised communities, supporting a shift towards approaches that centre lived experience, share power in reflection, and embed learning as a co-creative process. Evaluation is embedded across the Trust’s activities, with qualitative and quantitative data reviewed through regular evaluator-led sessions and trustee oversight.

This approach enables the Trust to deepen its understanding of how communities engage with anti-apartheid heritage, what forms of participation are most meaningful, and how the legacy continues to resonate in contemporary contexts. Early findings from Bright Ideas have been highly positive, highlighting the quality and impact of programme engagement to date.

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Success is measured through a range of indicators, including:

Together, this evaluation framework supports ongoing learning and ensures that the Trust’s work remains responsive, inclusive and impactful as it moves towards opening the AntiApartheid Legacy Centre.

Capital Project Update

Following Permission to Start in August 2024, the Trust commenced construction of the AntiApartheid Legacy Centre at 28 Penton Street. The project team, including Sullivans (main contractor), AJP (architects) and Cragg (project management), has overseen steady progress throughout the reporting period.

Works undertaken during the period included:

By the end of the reporting period, the project had made significant progress on site, including:

This represents a major milestone in realising the Anti-Apartheid Legacy Centre, with the project on track towards opening in 2026.

Challenges

As is typical for a complex refurbishment of a historic building, a number of challenges were encountered during the reporting period. These included:

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These challenges led to a revised programme, with completion dates adjusted to reflect the realities of delivering a high-quality, compliant building within a constrained historic structure.

Milestones

Despite these challenges, the project has achieved several significant milestones:

The transition from structural works to internal fit-out marks a critical shift in the project, bringing the building closer to completion and operational readiness.

The Trustees continue to closely monitor delivery, budget and risk, and remain confident in the successful completion of the project ahead of its planned public opening in late 2026.

Looking Ahead

The coming year will be focused on the completion and opening of the Anti-Apartheid Legacy Centre as a space for learning, memory and action.

Key priorities include:

The Trust will continue to work closely with the Anti-Apartheid Movement Archives Committee, building towards a more integrated and sustainable approach to governance, stewardship and public engagement. This reflects a shared commitment to preserving and activating these collections for public benefit, and to ensuring their long-term care, accessibility and relevance.

Immediate priorities include securing the remaining funding required to complete the full fit-out of the Centre, progressing plans for the Community Learning Garden on the land adjacent to 28 Penton Street, and growing the staff and volunteer team to support operations, programming and visitor engagement.

The opening of the Centre in 2026 will mark a major milestone in the Trust’s development,

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establishing a permanent space for learning, reflection and community engagement. It will enable the Trust to serve its communities locally, nationally and internationally, with care, ambition and purpose.

Structure, Governance and Management

The Trust is a Charitable Incorporated Organisation governed by its Board of Trustees.

The Trustees are responsible for the strategic direction, governance and financial oversight of the organisation. Day-to-day management is delegated to the Director, Caroline Kamana, who leads the AALC's development shaping strategy, partnerships, programme and public engagement to activate the legacy of anti-apartheid for new generations.

The Board is supported by a Project Advisory Group, which provides specialist expertise and guidance, particularly in relation to the development of the Anti-Apartheid Legacy Centre and the communities the Trust serves.

The Trustees bring a wide range of experience across heritage, education, governance, public service and community engagement and, like the Project Advisory Group, many also bring lived experience - including life under apartheid, anti-apartheid activism, and the enduring impacts of marginalisation and colonial legacies.

The Anti-Apartheid Legacy Centre is currently delivered by a small core team, with staffing set to grow as we move towards opening the Centre in 2026.

Programme delivery during the year to August 2025 was led by the Director and Heritage Participation Lead, Nadia Joseph. Our public, schools, tertiary and community programmes are delivered through a collaborative model, drawing on the expertise of community members -- including those with lived experience of the anti-apartheid struggle -- and a trusted network of associates, including artist facilitators and specialist contributors such as authors, historians, heritage practitioners and activists.

Our collections and archive development is undertaken in close partnership with established specialist organisations, including the Anti-Apartheid Movement Archives, ensuring robust stewardship and public access are embedded from the outset.

Financial Review

The Accounts show total income of £1,626,716 and total expenditure of £1,650,122 for the year ended 31 August 2025. £383,996 was carried over from the previous year, and adequate funds have been received in the year to date to cover expenses.

At year end, total funds stood at £360,590 comprising:

Restricted funds continue to support delivery of the capital project and associated programme activity, while unrestricted funds provide essential operational flexibility.

Funding and Expenditure

During the year, the Trust secured funding from a range of sources to support both capital development and programme delivery.

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Expenditure focused on:

The Trustees maintain robust financial controls and oversight to ensure effective management of resources .

It should be noted that the Trust’s annual income for the reporting period exceeded £1 million, reflecting the receipt of significant restricted funding for the capital development of the AntiApartheid Legacy Centre. As a result, the Trust is undertaking a statutory audit for this period.

While this level of income may suggest a larger organisation, the Trust remains a small team delivering significant impact. The majority of funds received are restricted to capital and project delivery.

During the year, expenditure on staffing to support the delivery of educational and public programmes alongside the development of the Centre totalled £83,038.

Going Concern

The Trustees are confident in the Trust’s ability to continue as a going concern. At the time of writing, sufficient funding has been secured to complete the capital works at 28 Penton Street and to enable the Centre to open with essential fit-out and furnishings, alongside a core staffing structure.

Further fundraising and income generation will be required to realise the full vision for the Centre, including the completion of the garden, enhanced fit-out, and the expansion of staffing to support an increased programme.

Statement of actions by Trustees

The trustees, in making decisions about the purpose and intended outcomes of the trust’s activities for public benefit, have duly regarded the commission's public benefit guidance when exercising any powers or duties to which the guidance is relevant.

Approval of Annual Report

Professor Chris Mullard Chair, The Anti-Apartheid Legacy Trust On behalf of the Board of Trustees

26th June 2026

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Annual Accounts Page 19 of19

The Anti-Apartheid Legacy Trust

Charity No. 1180953

Trustees' Report and Audited Accounts

31 August 2025

The Anti-Apartheid Legacy Trust Contents

Pages
Reference and Administrative Details 2
Statement of Trustees' Responsibilities 3
Auditor's Report 4 to 6
Statement of Financial Activities 7
Balance Sheet 8
Statement of Cash flows 9
Notes to the Accounts 10 to 17
Detailed Statement of Financial Activities 18 to 19

Page 1

The Anti-Apartheid Legacy Trust Reference and Administrative Details

Charity No. 1180953

Principal Office

Centre of Memory & Learning 28 Penton Street Islington London N1 9PS

Trustees

The following trustees served during the year:

Baroness Lynda Chalker of Wallasey Lord Peter Hain Lelabari Kogbara Jeremiah Mamabolo Professor Christopher Mullard, CBE Sasha Saretta Muller Nomatemba Gugulethu Pudnixia Tambo Rev Dr Molefe Tsele

The following trustees were appointed after the year end: Colin Chester (appointed 14 February 2026) Pietra-Marie De Mello-Pittman MBE (appointed 14 February 2026) Sarvothum Seetharam Kamath (appointed 19 March 2026) Christabel Barbara Gurney OBE (appointed 19 March 2026)

Key Management Personnel

Director, Anti-Apartheid Legacy Centre Website https://antiapartheidlegacy.org.uk

Caroline Kamana

Bankers

CAF Bank 25 King's Hill Avenue King's Hill West Malling Kent ME19 4JQ

Auditors

Sawin & Edwards LLP Chartered Accountants Studio 16, Cloisters House 8 Battersea Park Road London SW8 4BG

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The Anti-Apartheid Legacy Trust Statement of Trustees Responsibilities

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and regulations.

The law applicable to charities in England & Wales requires the charity trustees to prepare financial statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing these financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

The trustees’ are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

Signed on behalf of the charity's trustees

Lelabari Kogbara Trustee signed on 26/06/2026, 09:42:32 BST 26 June 2026

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The Anti-Apartheid Legacy Trust Audit Report Unqualified

INDEPENDENT AUDITOR’S REPORT TO THE MEMBERS OF THE ANTI-APARTHEID LEGACY TRUST

Opinion

We have audited the financial statements of The Anti-Apartheid Legacy Trust (the ‘charity’) for the year ended 31 August 2025 which comprise the Statement of Financial Activities, Balance Sheet, Statement of Cash Flows and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the accounts:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the accounts, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the accounts is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the accounts are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor’s report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

Page 4

The Anti-Apartheid Legacy Trust Audit Report Unqualified

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement set out on page 3, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor's responsibilities for the audit of the accounts

We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: Discussions were held with the trustees with a view to identifying those laws and regulations that could be expected to have a material impact on the financial statements. During the engagement team briefing, the outcomes of these discussions and enquiries were shared with the team, as well as consideration as to where and how fraud may occur in the entity.

The following laws and regulations were identified as being of significance to the charity:

o Those laws and regulations considered to have a direct effect on the financial statements include UK financial reporting standards, Charities Act, Tax and Pensions legislation.

o It is considered that there are no laws and regulations for which non-compliance may be fundamental to the operating aspects of the charity.

Page 5

The Anti-Apartheid Legacy Trust Audit Report Unqualified

Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and non-compliance with laws and regulations) comprised of: inquiries of management and those charged with governance as to whether the entity complies with such laws and regulations; enquiries with the same concerning any actual or potential litigation or claims; inspection of relevant legal correspondence; review of board minutes; testing the appropriateness of entries in the nominal ledger, including journal entries; reviewing transactions around the end of the reporting period; and the performance of analytical procedures to identify unexpected movements in account balances which may be indicative of fraud.

No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity's controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK).

A further description of our responsibilities is located on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of this report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Sawin & Edwards LLP

signed on 26/06/2026, 11:56:19 BST

Sawin & Edwards LLP

Statutory Auditor

Studio 16, Cloisters House 8 Battersea Park Road London SW8 4BG

26 June 2026

Sawin & Edwards LLP is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.

Page 6

The Anti-Apartheid Legacy Trust Statement of Financial Activities

for the year ended 31 August 2025

Notes
Income and endowments
from:
Donations and legacies
3
Charitable activities
4
Investments
5
Total
Expenditure on:
Charitable activities
6
Other
7
Total
Net gains on investments
Net (expenditure)/income
8
Transfers between funds
Net (expenditure)/income
before other gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds		 Restricted
funds		 Total funds Total funds
Unaudited
2025 2025 2025 2024
£ £ £ £
54,811 1,557,737 1,612,548 407,544
3,889 3,800 7,689 2,755
6,479 - 6,479 5,661
65,179 1,561,537 1,626,716 415,960
- 1,523,526 1,523,526 164,574
45,665 80,931 126,596 71,978
45,665 1,604,457 1,650,122 236,552
- - - -
19,514 (42,920) (23,406) 179,408
- - - -
19,514 (42,920) (23,406) 179,408
19,514 (42,920) (23,406) 179,408
225,070 158,926 383,996 204,588
244,584 116,006 360,590 383,996

Page 7

The Anti-Apartheid Legacy Trust Balance Sheet at 31 August 2025

Charity No. 1180953
Unrestricted Restricted Total Funds
2025
2025
2025
£
£
£
Current assets
Debtors
11
83,633
150,858
234,491
Cash at bank and in hand
202,831
103,746
306,577
286,464
254,604
541,068
Creditors:Amount falling due within one year
12
(41,880)
(138,598)
(180,478)
Net current assets
244,584
116,006
360,590
Total assets less current liabilities
244,584
116,006
360,590
Net assets excluding pension asset or liability
244,584
116,006
360,590
Total net assets
244,584
116,006
360,590
The funds of the charity
Restricted funds
13
Restricted income funds
116,006
116,006
Unrestricted funds
13
General funds
244,584
244,584
Reserves
13
Total funds
360,590
Approved by the trustees on 15 June 2026
And signed on their behalf by:
Lelabari Kogbara
Trustee
26 June 2026
signed on 26/06/2026, 09:42:32 BST		 Total Funds
Unaudited
2024
£
10,945
377,561
388,506
(4,510)
383,996
383,996
383,996
383,996
158,926
158,926
225,070
225,070
383,996
And signed on their behalf by:
Lelabari Kogbara
Trustee
26 June 2026

Page 8

The Anti-Apartheid Legacy Trust Statement of Cash flows for the year ended 31 August 2025

Cash flows from operating activities
Net (expenditure)/income per Statement of Financial Activities
Adjustments for:
Interest received
(Increase)/Decrease in trade and other receivables
Increase/(Decrease) in trade and other payables
Net cash (used in)/provided by operating activities
Cash flows from investing activities
Interest received
Net cash from investing activities
Net cash from financing activities
Net (decrease)/increase in cash and cash equivalents
Cash and cash equivalents at the beginning of the year
Cash and cash equivalents at the end of the year		 2025
£
(23,406)
(6,479)
(223,546)
175,968
(77,463)
6,479
6,479
-
(70,984)
377,561
306,577		 2024
Unaudited
£
179,408
(5,661)
59,942
(18,792)
214,897
5,661
5,661
-
220,558
157,003
377,561
Components of cash and cash equivalents
Cash and bank balances 306,577 377,561
306,577 377,561

Page 9

The Anti-Apartheid Legacy Trust Notes to the Accounts

for the year ended 31 August 2025

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

The charity meets the definition of a public benefit entity under FRS 102.

The financial statements cover the individual entity. The functional and presentational currency is sterling.

An audit has been carried out for the year ended 31 August 2025 as compared to an Independent Examination in the year ended 31 August 2024.

The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern. In forming their opinion, the trustees have considered a period of one year from the date of signing the financial statements.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability. Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA. Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable.

Page 10

The Anti-Apartheid Legacy Trust Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates. Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs. Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.

Taxation

The charity is exempt from tax on its charitable activities.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.

Page 11

The Anti-Apartheid Legacy Trust Notes to the Accounts

2 Statement of Financial Activities - prior year

2
Statement of Financial Activities - prior year
Income and endowments from:
Donations and legacies
Charitable activities
Investments
Total
Expenditure on:
Charitable activities
Other
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
3
Income from donations and legacies
Donations
Gift aid tax reclaimed
Grants received		 Unrestricted
£
4,269
542
50,000
54,811		 Unrestricted
funds
2024
Unaudited
£
194,053
2,755
5,661
202,469
1,142
37,042
38,184
164,285
164,285
164,285
60,785
225,070
Restricted
£
-
-
1,557,737
1,557,737		 Restricted
funds
2024
Unaudited
£
213,491
-
-
213,491
163,432
34,936
198,368
15,123
15,123
15,123
143,803
158,926
Total
2025
£
4,269
542
1,607,737
1,612,548		 Total funds
2024
Unaudited
£
407,544
2,755
5,661
415,960
164,574
71,978
236,552
179,408
179,408
179,408
204,588
383,996
Total
2024
Unaudited
£
90,078
5,975
311,491
407,544

Page 12

The Anti-Apartheid Legacy Trust Notes to the Accounts

4 Income from charitable activities

Centre for Memory and
Learning
Educational & Community
Programming
5
Income from investments
Interest received
6
Expenditure on charitable activities
Expenditure on charitable
activities
Centre for Memory and
Learning
Educational & Community
Programming
Digital & Micro-Commissions		 Unrestricted
£
-
3,889
3,889		 Restricted
£
-
3,800
3,800
Unrestricted
£
6,479
6,479
Restricted
£
1,509,952
7,224
6,350
1,523,526		 Total
2025
£
-
7,689
7,689
Total
2025
£
6,479
6,479
Total
2025
£
1,509,952
7,224
6,350
1,523,526		 Total
2024
Unaudited
£
2,755
-
2,755
Total
2024
Unaudited
£
5,661
5,661
Total
2024
Unaudited
£
150,782
10,670
3,122
164,574

Page 13

The Anti-Apartheid Legacy Trust Notes to the Accounts

7 Other expenditure

Other interest payable
Employee costs
Motor and travel costs
Premises costs
General administrative costs
Legal and professional costs		 Unrestricted
£
-
34,497
1,216
3,422
1,650
4,880
45,665		 Restricted
£
-
53,786
-
2,552
7,871
16,722
80,931		 Total
2025
£
-
88,283
1,216
5,974
9,521
21,602
126,596		 Total
2024
Unaudited
£
29
52,091
555
3,101
8,521
7,681
71,978

8 Net (expenditure)/income before transfers

Net (expenditure)/income before transfers
2025 2024
Unaudited
This is stated after charging: £ £
Auditors' remuneration 6,500 -
Independent Examiner's fee - 1,560

9 Trustees' remuneration, benefits, and expenses

There were no trustees' remuneration, other benefits, or expenses for the year ended 31 August 2025, nor for the year ended 31 August 2024.

10 Staff costs

Staff costs
Salaries and wages
Social security costs
Pension costs		 2025
80,413
200
2,425
83,038		 2024
41,800
-
1,778
43,578

One employee received emoluments in excess of £60,000 which fell in the band: £60,000 to £69,999 (2024: none)

Total employee benefits received by key management 67,868 43,578 personnel

The average monthly number of full time equivalent employees during the year was as follows:

Director
Heritage Participation		 2025
Number
1.0
0.5
1.5		 2024
Unaudited
Number
1
-
1

Employees are enrolled in the NEST pension scheme.

Page 14

The Anti-Apartheid Legacy Trust Notes to the Accounts

11 Debtors

Debtors
VAT recoverable
Prepayments and accrued income
Creditors:
amounts falling due within one year
Other creditors		 Unrestricted
£
81,738
1,895
83,633
Unrestricted
£
34,940		 Restricted
£
-
150,858
150,858
Restricted
£
-		 2025
£
81,738
152,753
234,491
2025
£
34,940		 2024
Unaudited
£
-
10,945
10,945
2024
Unaudited
£
1,242
Accruals 6,940 138,598 145,538 3,268
41,880 138,598 180,478 4,510

12 Creditors:

Page 15

The Anti-Apartheid Legacy Trust Notes to the Accounts

13 Movement in funds

Restricted funds:
Restricted income funds:
National Lottery Heritage
Fund
Greater London Authority
Garfield Weston Foundation
The Portal Trust
Clothworkers' Foundation
City Bridge Foundation
This Day Foundation
CML - Development Small
Grants
Educational & Community
Grants
Digital & Micro Small Grants
Operations Small Grants
Total
Unrestricted funds:
General funds
Total funds		 At 1
September
2024
Unaudited
(9,941)
14,611
100,000
-
-
-
-
25,000
17,741
10,375
1,140
158,926
225,070
383,996		 Incoming
resources
(including
other
gains/losses)
£
610,634
472,062
-
50,000
100,000
53,408
250,000
-
14,833
-
10,600
1,561,537
65,179
1,626,716		 Resources
expended
£
(600,693)
(486,673)
(100,000)
(50,000)
(100,000)
(53,408)
(151,718)
(25,000)
(17,575)
(10,375)
(9,015)
(1,604,457)
(45,665)
(1,650,122)		 At 31
August
2025
£
-
-
-
-
-
-
98,282
-
14,999
-
2,725
116,006
244,584
360,590

Purposes and restrictions in relation to the funds:

Restricted funds: National Lottery Heritage Support establishment of the Centre of Memory and Learning Fund Greater London Authority Support establishment of the Centre of Memory and Learning Garfield Weston Foundation Support establishment of the Centre of Memory and Learning The Portal Trust Support establishment of the Centre of Memory and Learning Clothworkers' Foundation Support establishment of the Centre of Memory and Learning City Bridge Foundation Support establishment of the Centre of Memory and Learning This Day Foundation Support establishment of the Centre of Memory and Learning CML - Development Small Support establishment of the Centre of Memory and Learning Grants Educational & Community Educational and community programming Grants Digital & Micro Small Grants Digital and micro-commissions Operations Small Grants Support administrative and operational activities

Page 16

The Anti-Apartheid Legacy Trust Notes to the Accounts

14 Analysis of net assets between funds

Net current assets
15 Reconciliation of net debt
Cash and cash equivalents
Net debt		 Unrestricted
funds
£
244,584
244,584
At 1
September
2024
Unaudited
£		 Restricted
funds
£
116,006
116,006
Cash flows
£		 Total
£
360,590
360,590
At 31
August
2025
£
377,561 (70,984) 306,577
377,561
377,561		 (70,984)
(70,984)		 306,577
306,577
16 Commitments
Pension commitments
The pension cost charge to the charity
amounted to:
Unpaid contributions due to the fund are
included in other creditors and amounted to:		 2025
£
2,425
414		 2024
Unaudited
£
1,778
267

17 Post balance sheet events

An unsecured loan of £110,000 was made to the charity by Ms. Lelabari Kogbara (Trustee) on 23rd March 2026. The loan agreement stipulates that it will be repaid within 24 months of the date of drawdown. The loan has been provided interest-free and no interest shall accrue or be payable on the principal sum for the duration of the loan agreement.

18 Related party disclosures

The total aggregate value of donations received from trustees where no conditions have been placed on the donation received amounted to £4,000 (2024: £Nil).

There were no other related party transactions for the year ended 31 August 2025 (2024: None)

Page 17

The Anti-Apartheid Legacy Trust Detailed Statement of Financial Activities

for the year ended 31 August 2025

Income and endowments from:
Donations and legacies
Donations
Gift aid tax reclaimed
Grants received
Charitable activities
Centre for Memory and Learning
Educational & Community
Programming
Investments
Interest received
Total income and endowments
Expenditure on:
Charitable activities
Centre for Memory and Learning
Educational & Community
Programming
Digital & Micro-Commissions
Total of expenditure on charitable
activities
Other expenditure
Other interest payable
Employee costs
Salaries/wages
Employer's NIC
Pension costs
Staff recruitment
Temporary staff
Motor and travel costs
Travel and subsistence		 Unrestricted
funds
2025
£
4,269
542
50,000
54,811
-
3,889
3,889
6,479
6,479
65,179
-
-
-
-
-
-
-
27,476
200
2,425
-
4,396
34,497
1,216
1,216		 Restricted
funds
2025
£
-
-
1,557,737
1,557,737
-
3,800
3,800
-
-
1,561,537
1,509,952
7,224
6,350
1,523,526
1,523,526
-
-
52,937
-
-
-
849
53,786
-
-		 Total funds
2025
£
4,269
542
1,607,737
1,612,548
-
7,689
7,689
6,479
6,479
1,626,716
1,509,952
7,224
6,350
1,523,526
1,523,526
-
-
80,413
200
2,425
-
5,245
88,283
1,216
1,216		 Total funds
Unaudited
2024
£
90,078
5,975
311,491
407,544
2,755
-
2,755
5,661
5,661
415,960
150,782
10,670
3,122
164,574
164,574
29
29
41,800
-
1,778
55
8,458
52,091
555
555

Page 18

The Anti-Apartheid Legacy Trust Detailed Statement of Financial Activities

Premises costs
Rates
Premises insurances
Premises repairs and
maintenance
Other premises costs
General administrative costs,
including depreciation and
amortisation
Bank charges
General insurances
Postage and couriers
Software, IT support and related
costs
Stationery and printing
Subscriptions
Sundry expenses
Legal and professional costs
Audit/Independent examination
fees
Accountancy and bookkeeping
Consultancy fees
Solicitor's fees
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net (expenditure)/income
Net (expenditure)/income before
other gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted
funds
2025
£
2,239
-
-
1,183
3,422
153
708
13
47
-
419
310
1,650
4,880
-
-
-
4,880
45,665
45,665
-
19,514
19,514
-
19,514
225,070
244,584		 Restricted
funds
2025
£
-
1,905
-
647
2,552
-
707
-
4,523
1,883
111
647
7,871
1,620
7,227
7,875
-
16,722
80,931
1,604,457
-
(42,920)
(42,920)
-
(42,920)
158,926
116,006		 Total funds
2025
£
2,239
1,905
-
1,830
5,974
153
1,415
13
4,570
1,883
530
957
9,521
6,500
7,227
7,875
-
21,602
126,596
1,650,122
-
(23,406)
(23,406)
-
(23,406)
383,996
360,590		 Total funds
Unaudited
2024
£
1,816
635
650
-
3,101
84
2,165
14
2,667
1,316
260
2,015
8,521
1,560
4,921
-
1,200
7,681
71,978
236,552
-
179,408
179,408
-
179,408
204,588
383,996

Page 19