Regislered number. 07285615
Charlty number. 1137520
THE EVOLUTION EDUCATION TRUST
TRUSTEES. REPORT AND FINANCIAL sTATEME￿rs
FOR THE YEAR ENDED 31 MARCH 2024

THE EVOLUTION EDUCATION TRUST
CONTENTS
Page
Relerenc• and AdmlnS¥tratl¥e D•talls of the Charityi It• Trust••* and Advl•ers
TTU•te•¥' Report
Independ￿1 Audltor•' Report on lh• Financlal Stotsment•
8tstom•nt of FSnanclal Actlvltl
stst•m•nt of Fln•nel*l Po•ftloTr
10
St•tsm•nt of C•ih Flow•
11
NatM to th• Fln•ncl•l St•t•m•nt•
12-20

THE EVOLUTIOM EDUCATION TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 MARCH 2024
TN8t••8
M S AMogn8y
J S Milner
R Gouna
Company r•gl•t¢red numb•r
07285615
Gharlty rngl•t•red numb•i
1137520
R•gl•t•red offlc•
Hon&y Hill Hous
20 Honey Hill
Cambridg8
CB3 08G
Ind•p•nd•nt audltQf•
Sopher + Co LLP
Chartered A￿Ountants
Stslutory Audltors
5 E15tree Gate
E181ree Way
SOrehamw￿d
Hertfordshlre
WD6 1JD
Pagtr 1

THE EVOLUTION EDUCATION TRUST
TRUSTEES. REPORT
FOR THE YEAR ENDED 31 MARCH 2024
The Trustees present their annual report together wlth Ihe audited financL91 statemen18 of the Chorlty for the
period from 1 April 2023 10 31 March 2024. The Annual Rèpc>rt serves the purpo$8s of both a Tnjstees, Teport
and a dirtsclors, report under company law. The Trustees confirrn that Ihe Annual R8port and financial
stalernents of the charitable company CoM￿Y wlth the Gurrènl stalulory rèquirements, the Tequirernenls of the
charitable companls governing document and thè provisions of the Ststement of Recommended Pr8dce
ISORPI applicable to chartties preparing their accounts in accordance wllh the Flnanc181 ReporUng Stsndard
applicable in the UK and Republic of Ireland IFRS102I leffactiva 1 January 20191.
Slnce the Charfty quallfl8s as small under sedon 382 of the Companias Act 2006, th8 Slraleglc Report roqulred
of medium and large companies undèr the Companles Act 2006 Istraleglc Report and Directors, Raport)
Rogulalions 2013 has been omitted.
Obl•ctlv•8 and •ctlvltle•
a. PolicieB Ind obJ•ct5Y•¥
The Charllls oblecllve8 are the education of the public Iwbth partlcular emphasls students engaged In lull
me edu¢alion} in the sryerrtrfic princjples of evolution. The charllable Company m88ts these objaclves by
m8king monies avall8ble In the form of grants and donallons to other charitsble orgonisatsons. assessed on
case-by-case b8818 and Bt the discrellon of the 8oard of TTuslee8,
In $8ttlng o¥ectlves ind plannlng for gcliwtles, the Trust¥¥8 hav8 glven due ¢￿sIderatIOn lo general guldance
publish8d by the Charity CommisslDn relaUng to publlc benefit, Includlng th8 guidanca 'Public benefit.. running
charlty IPB21'.
Achl•v•m•nts and p•rformanc•
. M•ln •¢hl•v•mfrnt• of th• Ch•rlty
During the period th8 Ch8rKy received Income of £3.008,417 12023.. £NILI and donated £914,fj82 12023..
£1.381,7721 to 1312023.. 141 in5lllullons and charilles, whlch the trustees consider lo be salisfa¢tory.
Flnanclal revlew
*. Golng conc•rn
After making appTOPri8te enquiries. the Truste8s have a rea50n8ble expectsllon th81 the Chadty has Bdequate
resources lo continue in operational exlslence for Ihe for8s8eable future. For thls reason, they continue to adopt
the going conc8m basis in preparing the financial statements.
b. R¢6or¥es pollcy
Al the Statement of Financi81 PO8(￿On date the Charity had unexpended resources amounllng to £2.813,158
12023.. £840.1921.
Thè Board of Trustees alms to relain sufficlent reserves to meet Sts ongolng annual commitments, but intends lo
continue lo utillse all available reserves the charitable purpose5 Set out above.
Page 2

THE EVOLUTION EDUCATION TRUST
TRUSTEES. REPORT ICONTINUEDI
FOR THEYEAR ENDED 31 MARCH 2024
Structurn. go¥•rn4nce and manag•ment
a. ConstStuilon
The Evolutlon Educalon Trust Is registered a5 8 charitable Company Ilmited by guarantee and was sel up by
Memorandum of Association on 15 June 2010.
b. M•thod¥ of appolntm•nt or •l•ctlon of TrustM•
Th8 management of the Charlty 18 tha responslbility of Ihe Trustees who ar8 efectsd and rAJ.opled under the
18ms of the Artides of A880clation.
Tha method of appolnlment of now trustees 18 as 8et In thts Ch8rlV$ ArUcle8 of Asscciatlon.
c. PollcloB Bdopt•d for th• Inductlon and tralnlnq of Tru•t•••
New Iwstees are made 8w8rg of the purposes and alms of the Ch8rfty, as well 8$ thelr gen8r81 and specffic
duties. as determlned by tha chaimian. New trustees are expected to famlllarise Ih8mselves wllh all th8 acliwtSes
of the Charty.
d. Relat•d party i•latlon•hlp•
Durlng the year the Ch8rlty recelved donallons of £3,006,417 12023.. £NILI from J S Mllner, 8 trustee of the
Charity.
•. Flnanclal rl•k m•nag•m•nt
The Trustees have ossessed th8 major dsks to which the Charity Is exposed, In pgrtlcu18r those related to tho
operations and finances of the Chadly, 8nd are 88lisfled that systems and procedures are in place lo mitigBte
exposure lo tho major risk8.
f. Rof•rnnc• and admlnlstratlv• detalli
Th8 full nam• of the Charfty Is The Evolutlon Educafjon Trust and Its Reglstered Charlty Number 18 1137520.
The Trustegs, who are al80 the dlrectors for the purpose of company18w. who ser￿d durlng thè year werg..
M S A Magnay
J S Milner
R Gounarl
Plan• fi)r futur• perlods
Th& Trustees alm to Continue lo makg donations to other charitable org8nl$ations.
Page 3

THE EVOLUTION EDUCATION TRUST
TRUSTEES. REPORT ICONTINUEDI
FOR THE YEAR ENDED 31 MARCH 2024
statement of Tru¥tee8' re8pon*lbllltlo$
The Trus18es (who are also the directors of the Charity for the purposes of company lawl are responsi￿e for
preparing the TTUStee8' Report and the fln8nd81 statements In accordance wlth applicablè law ond Unlletl
Klngdom A¢countSng Standards Iunlled Klngdom Ganerally Acceplèd Acuunty'ng PractrE).
Company law requlres the TTUStees lo prepare finandal 8latemenls for each flnancSal year. Under company law.
the Trustees must not approve the finanaal statements unless they are satisfied Ih8t thèy give a true 8nd fair
view ol the stste of affairs of the Charlty and of Incoming resources and applicatlon of resources. Includlng Its
Income and expgndlture. for that perlod. In preparing these financial st8tem8nls. the Trustees are requlre(I to..
select sult8ble 8ccounts.ng polldes and then apply them consistentl￿.
obserye th¢ methods and principles of the Ch8rrtle8 SORP IFRS 1021.
make judgments 8n¢J accounting esllmate$ that are reagonable and prudent.,
¥lale whether appllcable UK Accounting Standards IFRS 1021 have been followed, 8ublocI lo any malerlal
deperturos dlsc105ed and explalnod In the financial statements;
prepare the finand81 statsmenls on the golng Goncarn basls unless il 1$ Inapproprlale to presume that the
Charlty wlll ¢￿￿nu8 in buslnes8.
The Trustees aro r8spon81blo lor keaping ad8qu81e ?￿OUn￿n9 records thal 8re 8ufflci8nt to show and explain
the Ch8dtys transacllons and disclose with rea80nable accur8¢y at any Ime the financlal posltion of the Charty
and enoble them to ensure Ih8t the finanGiBI 8t8tements comply wlh the Companies Act 2006. They are 8180
sponsible for safeguardlng assets of the Charfty and hence for laklng rea80naWe slèp8 for the prevenllon
and dotoction of fraud and 0th8r irregularities.
Dl•clo•ur• ol Inforrn•tlon to audltor•
Each of the persons who are Trustsès 8t lh8 time vthen this Tru8tees' Report Is approved has conflrned that,.
so far a8 that Trustee Is aware, there 18 no relevanl audit Inf0Ma￿On of whlch the Ch8rftys audltors 8ro
unaware, and
tt)at Trustee h88 taken all the slep8 th81 ought to have been taken a8 a Trustee in order lo bg aware of
any relevant audit inlomiation and lo estsbllyh that the CharW5 audIt￿8 ore Aware of that Informallon.
Audltor•
Undar section 487121 of the Companies Act 2006. Sopher + Co LLP wlll be deem8d lo have b88n reappolnled as
auditors 28 days aft8r these finanaal st8temenls were s8nt to memb8rs or 28 days after the latest date
prescrlbed for flllng the occounts ￿th the reglstrar, whlchovor is earfler.
In preparlng th15 report, the TnJslee$ have taken advantsge of the small companles axemptions provlded by
se¢tkJn 415A of the Companiés Aet 2006.
Approved by Order of the memb8rs of the board of Trustees and $Sgned on thelr bèh￿￿ by..
M S A Magnay
Trustee
Date.. 23 Octc*>er 2024
Page 4

THE EVOLUTION EDUCATION TRUST
INDEPENDENT AUDITORS. REPORT TO THE MEMBERS OF THE EVOLUTION EOUCATION TRUST
Oplnlon
We have audited the financial statsrnents of The Evolution Education Trust {the 'charit￿l for the year ended 31
March 2024 which compris8 the Statement of Flnancial ACti￿lIes, the Statement of Flnanclal Position, the
Stalemenl of Cash Flows and the rel3led notes, Including a summary o15ignrficanl accounting policies. The
financial reporting fraMe￿k that has boen applied in their preparation is applicable law and United Klngdom
Accounting Standards, Indudin9 Financial Reportlng Standard 102 'The Financlal Reportlng Standard appllcablo
In th8 UK and R8public of Ireland. (Unitsd Kingdom Generally Acc¢pt8d AccoLbnling Practic61.
In our opink)n tho financial slalernonts..
glve 8 tnje and falr y￿W of the slate of tho tharllable companvs 8ffairs as 8131 March 2024 and of its
Incomlng resourc88 applIc8￿On of ro$¢)urc•s, including Its Income and expendlturè for the year then
ended.,
have beèn properfy prnpared In acc(*dance wth Unlted Kingdom Genorally Acc8pl8d Accounllng
Practice., and
have been prepared in accordance bmth the requlrements of the Companles Act 2CK)6.
B•¥ls for oplnlon
We conducted our audil in accordanc8 with Intem8liDnal Standards on Audi1Sng IUKI IISAS IUK}l and applicaNe
law. Our responsibilities under those stgndords 8re further dascrtbgd In the Auditors. responslbSllties for the audll
of the flnancial ststaments seclion of our report. Wa are indep8ndenl of the charitable company in accordance
wth the elhlcal requlremenls Ihat are relewant to our audit of the financ181 stBtemenls Sn the Unltgd ￿'ngdOM,
induding the Financial Reporting Council's Ethical Standard, and wo hav8 fulfilled ￿1r other 8lhic81
re$ponslbllitSes In accordance with Ihege requirements. We belleve that the audlt evidgnGe we have obtalned l¥
Sufficient and appropri818 to provide a basis for our opinion.
Con¢luslon• rolatlng to golng con¢•rn
In autliting the financlal stalements, we hove concludad that th8 Trustees, u88 ol the going concern b8sI8 of
accounllng In the prepor*lon of the flnancial stalemenls is appropriate.
Based on the work we h8ve porfomied. w8 have not Identified any mat8rial uncert8ints.es relating to events or
cOndI￿on8 that. Indlvldually or ￿lleCtIVely, may cast slgniflcanl doubt on the charilBble companvy abllty to
continu8 as a going ¢onc8rn for a period of at least twelve months frorn whèn the financlal st8temenl8 are
auth0ri89d for igsue.
Our re5PKJnsibilitses and the r8sponsibllib'e8 of the Trn8tees wilh respect to going COn￿M are described in the
relevanl sedon$ of th18 report.
Page 5

THE EVOLUTION EDUCATION TRUST
INDEPENDENT AUDITORS. REPORT TO THE klEMBERS OF THE EVOLUTION EDUCATION TRUST
ICONTINUEDI
Other inforniatlon
The other inlormalion comprises the Infomiation included Sn the Annu81 Report other than the financial
stsl8mènts and our AuLlilors' Report Ihereon. The Trusletrs are rasponsible for the other infomiation contained
wlthin thè Annual Report. Our opinion on th8 financial stat8ments does not cover the oth8r informallon and.
except lo the extent otherwise expliciuy statad in our report, we do not express any fom of assurance conclusion
Iheraon. Our respons1￿.11tY is to read the other information and. In doing so, consid8r whether the other
Inlomiation Is rn8lerially inconsistent with the financial s18temenls or our knowledge dytained in the Course of the
audit. or olhewsg appears lo be materially mlsslated. If we identsfy such materi81 inconsistencies or apparent
materlal rnisststemgnts, we are reqLJired lo detemlng whether thi5 gives rfse lo a materlal mlsst818menl In the
flnancial 5tat8ments themselves. If, based on the work we have performed, w8 conclude that there is a mal8rfal
misstatemont of this other Inform8tion, we are requlrgd to Tèport that fact.
We hava nothlng to raport in this regard.
Oplnl¢n ¢n oth•r mattor• pr•s¢rlbed by the Companles Act 2008
In our oplnlon, based on the work undertaken in tho cwrse of the audlt..
the information glven In the Tru8ts8s' R8port for th8 fSnandal year for which tha flnancial slalemenlg are
prepared is consistent with the financial slalem8nts.
tha Trust8es' Report has been prepared In 8ccordan¢e ￿th 8ppllcable legal requirements.
Mattern on whlch we ar• r•qulr•d to rnport by •xcoptlon
In the light of our knowledge 8nd underslandlng of the chaTltable company and ils anvironmenl obtained in the
course of the audit, we have not Identified malerlal misstatements in the TTU51ees' Rgport.
We hav8 nothing to r8port in respect of the following mattws In relatlon to whlch Comp8nl8s Act 2006 requir88
us to report lo you If, In our oplnion..
8dequale accounllng records have not been kept, or rolums ad8quale for our 8udlt havo not been
received from branches not visll8d by us,. or
the flnoncial stslemen¢s are not in agreement wlh the accounts'ng Tecords gnd returns;
certain disclosures of Truslee3' remunerBtlon specified by law are not made,. or
we have not received all the Infornialion and eXplan0￿On$ we requlre for our audlt.. or
the Trustees were not entitled lo prepare the financlal 8lalemenls in accordance with Ihe small cornpanies
regime and lako advantage of the small comp3nl&s' exemptSon8 In preparing the Twslee8' Report and
from the requlremenl lo preparo a Strategic Report.
Responslbllltles of trusteos
As explained more fully in the Trustees, Resp(￿56b111￿eS Slalement, the Trustee8 {who are also Ihg directors of
the charitsbl• company for th8 purposes of cornpany lawl are r8sponsible for the preparation of the fin3ncial
5t8tements and for belng satisfied that they glve a true and fair view, and for such Internal contre4 a8 the
Trustees d818rmine is necessary to enabltr the preparation of financial ststements that 8r8 free from m*erial
mlsststement, whether due to fraud or error.
In preparing the financial statements, thg Trustees are rgsponsible for 8SS8ssing the ch8rftable compan15 ability
to conlnue as a going concern, disclosing. as aw)Ilcable. matters related to going concern and using the going
concem b3sis of accounb.ng unless the Trustees either intend lo liquidate the charitable company or to cease
Page 6

THE EVOLUTION EDUCATIOM TRUST
INDEPENDENT AU0￿oRs. REPORT TO THE MEMBERS OF THE EVOLUTION EDUCATION TRUST
ICONTINUEDI
operations. or have no reallsUc alt8rnalSve but to do so.
Audltorn. re8ponslbllltl¢s for the 8udlt of th• flnanclal statements
ChJr objectives 8rg to oblaln r8asonabl8 as5uranc8 about whelh&r the financial gtstemenls as a whole are fr8e
from materlal misslal8rnenl, whether due lo fr8UtI or error. and to issue an Audllors. Report that Indud88 our
opinion. Rèasonable assuranco is a high level ol 8ssurance, bul is not a guarante8 that an audit conducted in
accordance with ISAS IUKI Mll a￿ayS detacl a materfal mI55tstem8nl when 11 exlsts. Mbsslalements can 8rise
from fraud or error and are consldered malerfal rf. individu811y or in the aggrogale. they could reasonably ba
8xpectad to inlluence the economic declslons of users taken on the basis of thes8 financlal stat8menl8.
Irregularities, induding fraud, arB Instsnces of non-compliance with laws and regulatlons. We design Procedures
In line wllh our re8ponsibllllles. oullned abov8, to do18Ct materi81 missl8lemenls in respect of Irregularflie8,
Includlng fraud. The exlenl to which our pro¢edur8s are capable of detedng Irregulorflles, Includlng fraud Is
detallod below..
Our approach lo identifying and assessing the risks of material misst8twn8nt in re8PeCt of Irregul8rllle8, includir
fraud and non-complSancg with laws and regulallons, was as follows..
the enoag8ment partner ensured that the engagemgnl team collectively had the approprlalo comp8ton¢e.
capabiliti06 and skills to identify or recognise non-compliance with applicable laws and regulations.,
we identified the laws and r8gulatsons applicabla to lh8 Company through dlscu$slons wrth dlr•ctors and
other monagemenl, 8nd Irorn our commerci81 knovAedge and experlence of the charfty sector,.
we focused on specific laws and Tegu18Uon8 vthlch we considered may have a direct mat8ri01 effect on the
financSal stalemgnts or the operatlons ol the Company. includlng the Companies Act 2006, taxation
legi51afjon and daia Prote￿On, antl-brlbery, employmonL envlronmgntsl and health 8ntJ safety leglslatlon:
we assossed the exlenl of complionce with the laws and regulation3 Idenlifi8d above through maklng
enquiri&$ of m8nagemenl and inspecting lÈg81 correspondence.. Bnd
Id8nlMed law5 and r8gul8tlons were communlcaled wllhSn thg audll team regularfy and the team remalned
819rt lo instsnc85 of non•cOm￿l#nce throughout the audiL
We a&ryes8ed the suscepllbllty of the Comp8ny'8 financlal s181ements to material ml$8tslement. Includ5ng
oblalnlng an understandlng of how fraLKI might occur, by.
maklng enquirie5 of manag8m8nt as lo wh8re they COns￿￿r8d thera w88 susceplibillly to fraud, thelr
knowledge of actual, susp&ded and allegod fraud,.
consldering the Internal rxjntrols in place to mitigate ￿SkS of fraud and non-compllAnce ￿￿th laws ond
regulations., and
understanding the design of the Compan18 remuneration PDlldes.
To address thé risk of frgud through management bias and override of controls, we-
checked for donatlons madè lo related paTties
tested loumal entries lo Njenlify unusual transa¢Jons:
85sessed whether judgements and assumptions made in determlning the accounllng estimate8 w8re
indicative of potential bias., and
investlgaled the rationale behSnd signrficant or unusual transactions.
In response to the risk of irregul3ritie5 and nonwcompliance wth laws end regulations. we designed procedure5
P8ge 7

THE EVOLUTION EDUCATIOM TRUST
INDEPENDENT AuorroRS' REPORT TO THE MEM8ERS OF THE EVOLUTION EDUCAnON TRUST
ICONTINUEDI
which included, but wer8 not limited to..
agreelng flnancl81 stslem8nt dlsclosures to undarlying supportyng documentsllon.,
reading the minutes of meetings of those charged with governance..
onqulring of man8gement as to actual 8nd potential litig8tlon and daims. and
reviewing correspondence vlth HMRC.
There 8re inherent limkallons Sn our audll procedures descrlbed above. The more removed that law3 and
r8gulalions are from flnanci81 transactions, the lèss likely il is that we would become 8w8re of noTrcomplianca.
Auditlng standards also lirnll the audit procedure8 required to identify non-¢ompll8nce wth IAWS and regulallons
to enquiry of the dlrector5 and other management and the in8pection of regulatory and legal correspondence. If
any.
Malerlal mlsstalements th81 ar18e due to froud can be harder to detsct than those that arls8 frcffl effor as thoy
may involve deliberate concoalmenl or collusion.
A further des¢rlptlon of our rgsponsiblllU88 for the oudlt of the Ilnancial slalements Is located on the Flnan¢lal
Roporting Councll's wgbsita 8t..
This de8crSption form8 P8rt ol our
Auditors. Report.
U•• of our r•port
Th18 roport Is made solely to the charflable componV$ mernbers, as a body, in accordonce wth Chapter 3 of Part
16 of the Comp8nSes Acl 2006. Our 8udil work has been undartaken so that we mlghl slate to th8 charllable
companls members those matters we are requI￿d lo stale to them In 8n Audltors. Repcrt and for no other
Purpose. To thg fullest 8xtenl pemitted bylow. we do not accept OT a5sumg re$￿sIbIlity to anyone other th8n
the charitable compony and its members, as a body, lor our 8udil work, for thi8 report, or for the oplnions we
have fi)mied.
st•ph•n 1sem•n FCA (S•nlor Statutory Audltor)
for and on b¥half of
sopher + Co LLP
Chartered Accountants
Statutory Aud6tor8
5 Elstree Gate
Elstre8 Way
Borehamwcod
Hertfordshira
WD6 1JD
23 Octthr 2024
P8go 8

THE EVOLUTION EDUCATION TRUST
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNTI
FOR THE YEAR ENDED 31 MARCH 2024
Llnrostrlct•d
funds
2024
Total
funds
2024
Totsl
funds
2023
Income from:
Don811ons and legaclos
Investm8nls
3,006,417
42.049
3.006.417
42,049
Total Income
3.048,468
3,048,466
Exp•ndlturo on:
Charitable act5￿1106..
Grants
Events
Govamance costs
Support o)Bts
Am¢ytlsallon of Intsnglble a85ets
914.682
.170
11,168
138,970
4,510
914,682
170
11.168
138,970
4.510
1.381,772
2,542
11,002
118.620
4,S10
Total •xp•ndltur•
1.075,500
1.075.500
1.518,446
N•t M0￿M•￿t In fund•
1,972,966
1,972.966
{1,518,4461
R•Gonclllatlon of funds:
Totsl funijs brought forward
Net movement in funds
840.192
1.972,966
840.192
1,972.960
2,358,638
11,518,446)
Total fund* ￿TrIed forward
2,813,158
2,813,158
840.192
The Slalement of Fln8ncial Actlvf(188 Includes all gains and105888 recognised in the year.
The not88 on p8ges 12 10 20 fomi p8rt of these fSnancial statements.
Page 9

THE EVOLUTION EDVCATION TRUST
REGISTERED NUMBER: 0728561S
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024
2024
2023
Note
Flx•d as8•ts
Intangible asset
Curr•nt a¥set•
10
13,528
18,038
Debtors
Cash at bank and In h8nd
8,198
2,803,407
4,010
833,944
2,811.665
837,954
Creditor8'. arnounts falllng due wlhin one
12
112,0351
{15.8001
N•t current a•••ts
2.799,630
822,154
Total n•t a•••t•
2,fj13,158
840,192
Charlty fund•
Unr081rlcted funds
2,813,158
840,192
Total fund*
2,813.150
840,192
The antty wa8 enlltled to exempllon from aud51 und8r sedon 477 of the Companies Acl 2¢J)6.
The memb8r8 have not required the entlty to obtain an 8udlt lor the year In qu88tlon In Bccordanc8 wllh sacllon
476 of ihe Companlo$ Act 2006.
However, an audll Is requlred in accordance wth 5ecllon 144 of thè Charffjes Act 2011.
The Twst¢88 acknowledge th•Sr rwnslbilllie8 for cOmpl￿ng vAlh th8 r8qUitements of the Act with r8spgct lo
accounttng records and pr•parati￿ of fln8ndal 8ts1em8nts.
Th8 financial statements have been prepared in gcwrdance wlth the provlglons appl1￿￿0 to enUJes subject to
the small comp8nl¥s rngime.
The ffinanual 8ts1ements were approved and aulhodsed for issue by the Truste•s and signed on their behalf by..
M S A Magnay
ITru51gel
Dale.. 23 October 2024
The notes on pagos 12 to 20 forni p8rt of these financial statements.
Page 10

THE EVOLUTION EDUCATION TRUST
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2024
2024
2023
Cash flows from op•ratlng actlvltl•i
Nel cash used In OFerabng actlMlieB (Note 15)
1,969,523 11.508.422)
Change In ca•h and cash •qulval•nts In the y•ar
C88h and cash equfvalents at the beginnbng of th8 yBar
1,969,523 11,508.4221
833.944
2,342,366
Cash •nd u•h •qulv•l•nti at the •nd of th• year
2.803,467
833.944
Thè notes on pages 12 10 20 fomi part of Ih88e flnoncial sthlements
P8ge11

THE EVOLUTION EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
General Infomiatlon
The Evolutlon Educatfron Trust Is a prlvate company. limited by guarantee. reglstered in England and
Wales. Th8 registered office address is al Htsney Hill House, 20 Honey Hlll, C3mbridge. C83 OBG. Th8
members of the Company are the tnJ8tees named on page 1. In the event of the Company being wound
up, the liability In respect of the guarantee is limited to £1 per member of the Company.
The Company18 81so a Charlty registsr8d with the Charf(y Commission. Th6 CoMpan￿S charfty ragistered
number is 1137520.
The prfndpal of the Charfty 18 10 r8l$e fund8 for the education of Ihe publSc (with partlcular
emphasls on S￿dantS engaged in full lime education) tha scientific principles of evolution.
Tho functional and presentslional currency of the Chority is £ Slerflng.
AccountSng pollcl•4
2.1 8Jsl• of preparntlon of Ilnanclal •tat•ments
The Ilnanclal st8tgmenly hève been prepared In aecordance wlh the Charities SORP IFRS 1021-
Accounting And Reporting by Ch8rits'os'. Stalem8nl of Recommendèé Practice ap￿[Cable to Chart￿e8
preparing thelr accounts in accordance with the Flnonclal Reportlng Standard appllcBble In the UK
and Republic of Ireland IFRS 1021 leffe¢tlve 1 Jgnuary 20191, the Flnancial Reporting Stsndgrd
appllcablo in the UK 8nd Republlc of Ireland IFRS 102) and the Companies Act 2006.
Thg Evoluuon Educati￿ Trust meets the deflnllion of a publSc benefll enllty under FRS 102. As$els
and liabilities are inStially recognised 8t historical cost or trBnsaction value unless olh&rwsg Staled in
the relevant accounting pollcy.
2.2 Fund accountlng
General fvnds are unreslrlct•d funds whlch are available fc¢ u88 at the dIsCre￿On of the Trustees In
lurtherance of the gen8rBI oblecllves of thg Chartty and whlch have not been d8svJnated for other
purposes. Th8 Chanty has no restricted funds.
Investment Income, gains and lo$s•s are allocatsd lo the approprlate fund.
2.3 Incomo
All income is recojnised once the Ch3rity has entitlement lo the incorna, it Ss probable that ihe
Income wlll be recelved and the 8mount of Sncome recelv8ble can be measured reliably.
2.4 Expondlture
Expendlturg is recognised once there is a leg81 or Constructive oblig8tbon to transfer e￿noMiC benefrt
to 8 third party. it 15 probable that a transfer of 8conomic b8n8ffits w¢ll be required in setuement and
Ihe amount of the obllgalion can be measured reliably. Exponditure is classified by actlvity. The cost5
of each activty arg made up of the total of direct costs and shared costs. including support costs
involved in undertaking each 8Ctivty. Direct costs attributabl8 to a slngle acliwty are allocated directly
to that actiwty. Shared costs which contribute to more than one actimty and support costs which are
not attributable lo a slngle actovity are apportioned between those actiwties on a basis consistent wth
the use of resour¢e$. Central sl3ff costs are allocated on the basls of tlme spent, and deprecia￿On
charges allocated on the ports.on of the asset's use.
pa￿ 12

THE EVOLUTION EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Accountlng policleg {contlnuodl
2.4 Expendlturè Icontlnu•dl
Expendituré on charitable aCtiVi￿.e5 is incurr8d on direcuy und8rtaking th8 ath'vilies vknich further the
Charttys objectives. as well 8s any asBoclaled support costs.
Grants payable are chargèd in the year when the offer Is made except in those cases where th• offeT
is condSllonal, such grants belng recognlsed as expenditure when the condlllons attachlng Ore
fulfWled. Grants offereii subject to condllions whlch have not been met al the year end are noled a8
commllmgnt, bul not accrued as expenditure.
l expgndrture Is Inclusive of Irrecoverable VAT.
2.5 Int•nglbl• as••ts and afflortlsatlon
Intangi￿8 assets are inltlally recognlsed at cost. After rgco9nillon, under the cost model, intangible
assets are measured al cost loss any 8ccumulaled amortisation antl any accumulaled Impalrmont
losses.
Amortlsallon Is provldod on Intanglble gssels 81 ratO8 C8lculatod to wrlts off the cos1 of each os¥et on
a straight-llne basls ovar bts expectad useful lire.
Arnort15alion 58 prO￿ded on the followng ba81S:
Computer softrlare
Capllal assets comprise the development ol a database for cros$-funGtlonal InsSghts and reportlng,
align8d with best practices for sm811 grant-makers In th& UK.
2.6 Cash at bank and In h•nd
20%
Cash al bank and in hand indudes cash and Bhort-term hlghly Ilquid Inve8lm8nts 8 short maturity
of three months or les3 from the dale of acquisitSon or opening of the deposit or simllar occount.
17 LSabllltlo• •nd piovlslon•
Llablllllos are recognls8d when Ihare Is on ob11gall￿ 8t Iht Statement of Financl81 P051fjon date as
result of a past event. It is probable thot a transfèr of economic benefit wlll ￿ required in $gttlem8nl,
and tho aM￿JnI of th8 sewemenl cgn b8 estimat•d rel58￿y.
Liabilities are racognised at the amount that the Charity 8ntiapales li will pay lo setue the debt or the
amount h has received as advanced payrnenls for the gu¢)ds OT servlce$ it must provlde.
ProvSsions are Measur￿ at the be51 egtimale of the amounts requlred to settle the oblvJatlon. Where
Ihg gffect of the time value of money is materlal, th8 provision Is based on the wesent valu8 of th088
8mounts. dl$¢ounted at the pre-tax discount rate that refiects the Tisks specrfic to the Ilability. The
unwinding of th8 discount bs rocognised in the Statement of Financial Ach'vities as a finance c051.
Page 13

THE EVOLUTION EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
In¢om• from donations and l•g•cles
UnMStrlct•d
funds
2024
Total
fund
2024
Total
funds
2023
D￿at￿)nS
3,006,417
3,006.417
In¥•stment Incom•
Unmtrl¢t•d
funds
2024
Totsl
fund¥
2024
Total
funds
2023
Bonk Inlarèst rac8lvable
42,049
42.049
Analy•l• of gran1¥
Grants to
In•tltution•
2024
Total
fund•
2024
Gran18 to UK rogistered Charl￿86
UnlversSty of Bath
Unlverslty College London
Manthester Melropolltan Unlverslty
Imperial Cdlege London
Grow2Know CIC
511.858
185.929
55,000
27,89S
100,000
34,000
511,858
185,929
55,000
27,895
100.000
34,000
Total 2024
914.682
914.082
Page 14

THE EVOLUTION EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Analys1• of grants {conllnuedl
Grants to
Insts'lution$
2023
Total
fund$
2023
Grants to UK reglslereé ch8ritie5
Monche51er Melropolhan Unlversliy
Univer81ty of Bath
Imperlal College London
1,040.605
6,340
234,827
100,000
1.040,605
6.340
234,827
100,000
Totsl 2023
1.381.772
1.381.772
Support ¢￿t*
Unrn•trlcted
fund•
2024
Tot•1
fund•
2024
Profe981onal and consultsncy c08ts
Wages and salarles
G•ner81 operation COBts
Bonk Gh4rge6
70,092
53,276
12,636
2,966
70.092
53,276
12,636
2,966
138,970
138.970
Unrastdcted
funds
2023
Total
fvnds
2023
Profosslon818nd consultancy costs
Wages and 8al8rias
General op8r8tion costs
Bank charges
59,867
42,368
14.385
2.000
59.867
42,368
14,385
2,000
118,620
118,820
Page 15

THE EVOLUTION EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Audltors. r•muneratlon
2024
2023
Fees payable to the Charitys auditor for the audit of the Charitys annual
accounts
B.360
4,824
Staff ¢o•ts
2024
2023
Ways and $818rle8
53,276
42,368
The avorage number of persons employed by the Charty during the year was as follows:
2024
2023
Trustees
Operallon 8taff
No employee recglv8d remuneratlon 8mounUng to rnore than £60,000 In 8llh8r yBar.
Tru•t••8' Mmun•ratlon and •xponse•
Ourlng the year, no Trustees recelved 8ny remuneratlon ty other ￿nefIts{2023- £NILI.
DurirvJ thtt year ended 31 M8rch 2024, r)0 Trustee oxpenses hav8 bean Incurred12023- £NILI.
Page 16

THE EVOLUTION EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
10. Intan9lble a88•t8
Comput•r
softwaro
Cost
At 1 April 2023
At 31 Marth 2024
22,548
Amortlsatlon
At 1 Aprfl 2023
Charge for the year
4,510
4,510
Al 31 March 2024
9,020
Not book valu•
Al 31 M8rth 2024
13.528
Al 31 March 2023
18,038
11. D•btor•
2024
2023
Prepayments and g￿r￿ad income
8,198
4.010
12. Credltorn: Amount• falllng due wlthln one year
2024
2023
Trade credltor8
Accru818 and deferred in￿rne
438
11.597
579
15,221
12.035
15.800
P8ge 17

THE EVOLUTION EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
13. Summary ol lund8
Summary of funds. curr•nt y•ar
B¥l•ne• jt
31 March
2024
Balance al
1 April 2023
Income Expendlture
General funds
840.192
3.048.466 11.075.$001
2,813.158
Summary ot lund•- wSor y•ar
Balance at
31 March
2023
8alonce at
1 April 2022 Expendltur8
Gener91 funds
2,358,638 11,518,446)
840.192
14, Anoly$l8 of n•t a#$•t• b•tw••n fund•
Analy#l• of not a•••t• b•tw••n fund•. current p•rlod
Unr••trlet•d
funds
2024
Tot•1
funds
2024
Intangible fixed assets
Current assets
Credltors tluo wlthln one ￿ar
13,528
2,811,665
{12,035)
13.528
2,811.665
112.0351
Total
2.813,158
2,813.158
Analy$l• of n•t aM•ts b•tw••n fund* . prlor period
Unr8$tri¢t#d
lunds
2023
Totsl
fvnds
2023
Intangible fixed assets
Current assets
Credllors due within one year
18.038
837,954
{15,800}
18,038
837.954
115.8001
Total
840.192
840,192
Page18

THE EVOLUTION EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
15. RKonclllatlon of n•t movem•nt In lunds to n•t cash flow from op•r•tlng acti¥itl•*
2024
2023
Net incomglexpendlture for the perfod las per Ststement of Financial
Activitie81
1,972,980 11,518.4461
AdJu*tmant* for:
Amortisation chBrges
Increasa In dgblors
IDecr085e)Ancrease kn crodltors
4.510
(4.188)
(3,7651
4,510
14211
5,935
N•t ¢a•h provld•d byllused Inl op•ratlng •ctlvltl••
1,969.523 11,508.4221
16. Anal￿18 of ca•h and ca•h •qulvahnti
2024
2023
Cash and c88h equSvalenls
2,803,467
833,944
17. Analyslj of ¢hang•• In n•t d•bt
At 1 Aprll
2023 CaBh flows
At 31 March
2024
Cash al bank and In han
833.944
1,969,523
2,803,467
Page 19

THE EVOLUTION EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
18. Grant commltm•nts
At 31 March 2024 the charlty had the fdlowlng commltments..
Commitments in respect of grants opproved %thich have not been accrued In th8 flnanclal ststements but
will fomi part of grants..
2024
2023
Within one year
one and tsvo years
347,248
160,390
507,638
The Chority intends to make tha above grant conlrfbutlons In the n8xl years. Slgned ogreemonts vAth
the gront Reclplenls are In p18ce whlch commrt th8 Charity lo those donallons. However, the R8clplents
8cc8pl that the Charlty may be obllged to reduce, cancel or defer 8ny scheduled paym8nt8 In the event of
unexpected alleralion in the Charitys financbal Circumstance or, If in the oplnlon of thé Charity. there has
been rnl&management or m1s8pproprl8￿0n of fundo.
Pagg 20