Registered number: 07285615 Charity number: 1137520
THE EVOLUTION EDUCATION TRUST TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE EVOLUTION EDUCATION TRUST
CONTENTS
| Page | |
|---|---|
| Reference and Administrative Details of the Charity, its Trustees and Advisers | 1 |
| Trustees' Report | 2 - 4 |
| Independent Auditors' Report on the Financial Statements | 5 - 8 |
| Statement of Financial Activities | 9 |
| Statement of Financial Position | 10 |
| Statement of Cash Flows | 11 |
| Notes to the Financial Statements | 12 - 20 |
THE EVOLUTION EDUCATION TRUST
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025
Trustees
M S A Magnay J S Milner R Gounari
Company registered number
07285615
Charity registered number
1137520
Registered office
66 Lincoln's Inn Fields London WC2A 3LH
Independent auditors
Sopher + Co LLP Chartered Accountants Statutory Auditors 5 Elstree Gate Elstree Way Borehamwood Hertfordshire WD6 1JD
Page 1
THE EVOLUTION EDUCATION TRUST
TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their annual report together with the audited financial statements of the Charity for the period from 1 April 2024 to 31 March 2025. The Annual Report serves the purposes of both a Trustees' report and a directors' report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019).
Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted.
Objectives and activities
a. Policies and objectives
The Charity's objectives are the education of the public (with particular emphasis on students engaged in full time education) in the scientific principles of evolution. The charitable Company meets these objectives by making monies available in the form of grants and donations to other charitable organisations, assessed on a case-by-case basis and at the discretion of the Board of Trustees.
In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
Achievements and performance
a. Main achievements of the Charity
During the period the Charity received income of £Nil (2024: £3,006,417) and donated £472,444 (2024: £914,682) to 8 (2024: 13) instutions and charities, which the trustees consider to be satisfactory.
Financial review
a. Going concern
After making appropriate enquiries, the Trustees decided that the Trust would pause operational activity from 1 January 2025 for an indeterminate period whilst the Trustees refined priorities for future grant making. They continue to adopt the going concern basis in preparing the financial statements.
b. Reserves policy
At the Statement of Financial Position date the Charity had unexpended resources amounting to £2,359,390 (2024: £2,813,158).
The Board of Trustees aims to retain sufficient reserves to meet its ongoing annual commitments, but intends to continue to utilise all available reserves for the charitable purposes set out above.
Page 2
THE EVOLUTION EDUCATION TRUST
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Structure, governance and management
a. Constitution
The Evolution Education Trust is registered as a charitable Company limited by guarantee and was set up by a Memorandum of Association on 15 June 2010.
b. Methods of appointment or election of Trustees
The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.
The method of appointment of new trustees is as set out in the Charity's Articles of Association.
c. Related party relationships
During the year the Charity received donations of £Nil (2024: £3,006,417) from J S Milner, a trustee of the Charity.
d. Financial risk management
The Trustees have assessed the major risks to which the Charity is exposed, in particular those related to the operations and finances of the Charity, and are satisfied that systems and procedures are in place to mitigate exposure to the major risks.
e. Reference and administrative details
The full name of the Charity is The Evolution Education Trust and its Registered Charity Number is 1137520.
The Trustees, who are also the directors for the purpose of company law, who served during the year were:
M S A Magnay J S Milner R Gounari
Page 3
THE EVOLUTION EDUCATION TRUST
TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Statement of Trustees' responsibilities
The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the Trustees to prepare financial statements for each financial year. Under company 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 its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles of the Charities SORP (FRS 102);
-
make judgments and accounting estimates that are reasonable and prudent;
-
state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Disclosure of information to auditors
Each of the persons who are Trustees at the time when this Trustees' Report is approved has confirmed that:
-
so far as that Trustee is aware, there is no relevant audit information of which the Charity's auditors are unaware, and
-
that Trustee has taken all the steps that ought to have been taken as a Trustee in order to be aware of any relevant audit information and to establish that the Charity's auditors are aware of that information.
Auditors
Under section 487(2) of the Companies Act 2006, Sopher + Co LLP will be deemed to have been reappointed as auditors 28 days after these financial statements were sent to members or 28 days after the latest date prescribed for filing the accounts with the registrar, whichever is earlier.
In preparing this report, the Trustees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006.
Approved by order of the members of the board of Trustees and signed on their behalf by:
M S A Magnay Trustee Date: 2 December 2025
Page 4
THE EVOLUTION EDUCATION TRUST
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE EVOLUTION EDUCATION TRUST
Opinion
We have audited the financial statements of The Evolution Education Trust (the 'charity') for the year ended 31 March 2025 which comprise the Statement of Financial Activities, the Statement of Financial Position, the Statement of Cash Flows and the related notes, 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 financial statements:
-
give a true and fair view of the state of the charitable company's affairs as at 31 March 2025 and of its incoming resources and application of resources, including its income and expenditure for the year then ended;
-
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-
have been prepared in accordance with the requirements of the Companies Act 2006.
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 Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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 financial statements, we have concluded that the Trustees' use of the going concern basis of accounting in the preparation of the financial statements 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 charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements 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.
Page 5
THE EVOLUTION EDUCATION TRUST
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE EVOLUTION EDUCATION TRUST (CONTINUED)
Other information
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' 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.
We have nothing to report in this regard.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
-
the information given in the Trustees' Report for the financial year for which the financial statements are prepared is consistent with the financial statements.
-
the Trustees' Report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of our knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Report.
We have nothing to report in respect of the following matters in relation to which Companies Act 2006 requires us to report to you if, in our opinion:
-
adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
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the financial statements are not in agreement with the accounting records and returns; or
-
certain disclosures of Trustees' remuneration specified by law are not made; or
-
we have not received all the information and explanations we require for our audit; or
-
the Trustees were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies' exemptions in preparing the Trustees' Report and from the requirement to prepare a Strategic Report.
Responsibilities of trustees
As explained more fully in the Trustees' Responsibilities Statement, the Trustees (who are also the directors of the charitable company for the purposes of company law) 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 charitable company'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 charitable company or to cease operations, or have no realistic alternative but to do so.
Page 6
THE EVOLUTION EDUCATION TRUST
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE EVOLUTION EDUCATION TRUST (CONTINUED)
Auditors' responsibilities for the audit of the financial statements
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 Auditors' 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.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows:
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the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
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we identified the laws and regulations applicable to the Company through discussions with directors and other management, and from our commercial knowledge and experience of the charity sector;
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we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the Company, including the Companies Act 2006, taxation legislation and data protection, anti-bribery, employment, environmental and health and safety legislation;
-
we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and
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identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit.
We assessed the susceptibility of the Company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by:
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making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;
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considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations; and
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understanding the design of the Company’s remuneration policies.
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To address the risk of fraud through management bias and override of controls, we:
-
checked for donations made to related parties
-
tested journal entries to identify unusual transactions;
-
assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias; and
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investigated the rationale behind significant or unusual transactions.
Page 7
THE EVOLUTION EDUCATION TRUST
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF THE EVOLUTION EDUCATION TRUST (CONTINUED)
In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to:
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agreeing financial statement disclosures to underlying supporting documentation;
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reading the minutes of meetings of those charged with governance;
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enquiring of management as to actual and potential litigation and claims; and
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reviewing correspondence with HMRC.
There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any.
Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.
Use of our report
This report is made solely to the charitable company's trustees, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's trustees those matters we are required to state to them in an Auditors' 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 charitable company and its members, as a body, for our audit work, for this report, or for the opinions we have formed.
Stephen Iseman FCA (Senior Statutory Auditor)
for and on behalf of Sopher + Co LLP
Chartered Accountants Statutory Auditors
5 Elstree Gate
Elstree Way
Borehamwood
Hertfordshire WD6 1JD
2 December 2025
Page 8
THE EVOLUTION EDUCATION TRUST
STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2025
| Note Income from: Donations and legacies 3 Investments 4 Total income Expenditure on: Charitable activities: 5 Grants Events Governance costs Support costs . Other charitable activities Amortisation of intangible assets Total expenditure Net movement in funds Reconciliation of funds: Total funds brought forward Net movement in funds Total funds carried forward |
Unrestricted funds 2025 £ - 108,439 108,439 472,444 - 8,841 76,152 260 4,510 562,207 (453,768) 2,813,158 (453,768) 2,359,390 |
Total funds 2025 £ - 108,439 108,439 472,444 - 8,841 76,152 260 4,510 562,207 (453,768) 2,813,158 (453,768) 2,359,390 |
Total funds 2024 £ 3,006,417 42,049 |
|---|---|---|---|
| 3,048,466 | |||
| 914,682 6,170 11,168 138,970 - 4,510 |
|||
| 1,075,500 | |||
| 1,972,966 | |||
| 840,192 1,972,966 |
|||
| 2,813,158 |
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 12 to 20 form part of these financial statements.
Page 9
THE EVOLUTION EDUCATION TRUST REGISTERED NUMBER: 07285615
STATEMENT OF FINANCIAL POSITION AS AT 31 MARCH 2025
| Note Fixed assets Intangible assets 10 Current assets Debtors 11 Cash at bank and in hand Current liabilities Creditors: amounts falling due within one year 12 Net current assets Total net assets Charity funds Unrestricted funds Total funds |
7,090 2,351,192 2,358,282 (7,910) |
2025 £ 9,018 2,350,372 2,359,390 2,359,390 2,359,390 |
8,198 2,803,467 2,811,665 (12,035) |
2024 £ 13,528 2,799,630 |
|---|---|---|---|---|
| 2,813,158 | ||||
| 2,813,158 | ||||
| 2,813,158 |
The entity was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the entity to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
However, an audit is required in accordance with section 145 of the Charities Act 2011.
The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime.
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
M S A Magnay (Trustee) Date: 2 December 2025
The notes on pages 12 to 20 form part of these financial statements.
Page 10
THE EVOLUTION EDUCATION TRUST
| STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31 MARCH 2025 |
||
|---|---|---|
| Cash flows from operating activities Net cash used in operating activities (Note 15) Change in cash and cash equivalents in the year Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year |
2025 £ (452,275) (452,275) 2,803,467 2,351,192 |
2024 £ 1,969,523 1,969,523 833,944 2,803,467 |
The notes on pages 12 to 20 form part of these financial statements
Page 11
THE EVOLUTION EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1. General information
The Evolution Education Trust is a private company, limited by guarantee, registered in England and Wales. The registered office address is at Honey Hill House, 20 Honey Hill, Cambridge, CB3 0BG. The members of the Company are the trustees 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 Company is also a Charity registered with the Charity Commission. The Company's charity registered number is 1137520.
The principal activity of the Charity is to raise funds for the education of the public (with particular emphasis on students engaged in full time education) in the scientific principles of evolution.
The functional and presentational currency of the Charity is £ Sterling.
2. Accounting policies
2.1 Basis of preparation of financial statements
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
The Evolution Education Trust meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
2.2 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. The Charity has no restricted funds.
Investment income, gains and losses are allocated to the appropriate fund.
2.3 Income
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Page 12
THE EVOLUTION EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
2. Accounting policies (continued)
2.4 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
All expenditure is inclusive of irrecoverable VAT.
2.5 Intangible assets and amortisation
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Amortisation is provided on intangible assets at rates calculated to write off the cost of each asset on a straight-line basis over its expected useful life.
Amortisation is provided on the following basis:
Computer software
- 20 % Straight line
Capital assets comprise the development of a database for cross-functional insights and reporting, aligned with best practices for small grant-makers in the UK.
2.6 Cash at bank and in hand
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
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THE EVOLUTION EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
2. Accounting policies (continued)
2.7 Liabilities and provisions
Liabilities are recognised when there is an obligation at the Statement of Financial Position date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
3. Income from donations and legacies
| Unrestricted funds 2025 £ Donations - Unrestricted funds 2024 £ Donations 3,006,417 4. Investment income Unrestricted funds 2025 £ Bank interest receivable 108,439 |
Total funds 2025 £ - |
|---|---|
| Total funds 2024 £ 3,006,417 |
|
| Total funds 2025 £ 108,439 |
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THE EVOLUTION EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
4. Investment income (continued)
| Unrestricted | Total | |
|---|---|---|
| funds | funds | |
| 2024 | 2024 | |
| £ | £ | |
| Income from local listed investments | 42,049 | 42,049 |
5. Analysis of grants
| Grants to UK registered charities University of Bath University College London Manchester Metropolitan University Imperial College London Education sponsorship Total 2025 Grants to UK registered charities Manchester Metropolitan University University College London University of Bath Imperial College London Grow2Know CIC Total 2024 |
Grants to Institutions 2025 £ 80,087 264,680 42,813 22,800 52,000 - 462,380 |
Grants to Individuals 2025 £ - - - - - 10,063 10,063 Grants to Institutions 2024 £ 511,858 27,895 55,000 185,929 100,000 34,000 914,682 |
Total funds 2025 £ 80,087 264,680 42,813 22,800 52,000 10,063 |
|---|---|---|---|
| 472,443 | |||
| Total funds 2024 £ 511,858 27,895 55,000 185,929 100,000 34,000 |
|||
| 914,682 |
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THE EVOLUTION EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
6. Support costs
| Unrestricted funds 2025 £ Professional and consultancy costs 30,987 Wages and salaries 35,100 General operation costs 8,020 Bank charges 2,050 76,157 Unrestricted funds 2024 £ Professional and consultancy costs 70,092 Wages and salaries 53,276 General operation costs 12,636 Bank charges 2,966 138,970 |
Total funds 2025 £ 30,987 35,100 8,020 2,050 |
|---|---|
| 76,157 | |
| Total funds 2024 £ 70,092 53,276 12,636 2,966 |
|
| 138,970 |
7. Auditors' remuneration
| Fees payable to the Charity's auditor for the audit of the Charity's annual accounts Staff costs Wages and salaries |
2025 £ 6,700 2025 £ 35,100 |
2024 £ 6,360 |
|---|---|---|
| 2024 £ 53,276 |
8. Staff costs
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THE EVOLUTION EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
8. Staff costs (continued)
The average number of persons employed by the Charity during the year was as follows:
| Trustees Operation staff |
2025 3 1 4 |
2024 3 1 4 |
|---|---|---|
No employee received remuneration amounting to more than £60,000 in either year.
9. Trustees' remuneration and expenses
During the year, no Trustees received any remuneration or other benefits (2024 - £NIL).
During the year ended 31 March 2025, no Trustee expenses have been incurred (2024 - £NIL).
10. Intangible assets
| Cost At 1 April 2024 At 31 March 2025 Amortisation At 1 April 2024 Charge for the year At 31 March 2025 Net book value At 31 March 2025 At 31 March 2024 |
Computer software £ 22,548 |
|---|---|
| 22,548 | |
| 9,020 4,510 |
|
| 13,530 | |
| 9,018 | |
| 13,528 |
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THE EVOLUTION EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
11. Debtors
| Other debtors Prepayments and accrued income |
2025 £ 6,600 490 7,090 |
2024 £ - 8,198 |
|---|---|---|
| 8,198 |
12. Creditors: Amounts falling due within one year
| Trade creditors Accruals and deferred income |
2025 £ - 7,910 7,910 |
2024 £ 438 11,597 |
|---|---|---|
| 12,035 |
13. Summary of funds
Summary of funds - current year
| General funds Summary of funds - prior year General funds |
Balance at 1 April 2023 £ 2,813,158 Balance at 1 April 2023 £ 840,192 |
Income £ 108,439 Income £ 3,048,466 |
Expenditure £ (562,207) Expenditure £ (1,075,500) |
Balance at 31 March 2025 £ 2,359,390 |
|---|---|---|---|---|
| Balance at 31 March 2024 £ 2,813,158 |
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THE EVOLUTION EDUCATION TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
14. Analysis of net assets between funds
Analysis of net assets between funds - current year
| Unrestricted funds 2025 £ Intangible fixed assets 9,019 Current assets 2,358,281 Creditors due within one year (7,910) Total 2,359,390 |
Total funds 2025 £ 9,019 2,358,281 (7,910) 2,359,390 |
|---|---|
Analysis of net assets between funds - prior year
| Intangible fixed assets Current assets Creditors due within one year Total |
Unrestricted funds 2024 £ 13,528 2,811,665 (12,035) 2,813,158 |
Total funds 2024 £ 13,528 2,811,665 (12,035) 2,813,158 |
|---|---|---|
15. Reconciliation of net movement in funds to net cash flow from operating activities
| Net income/expenditure for the year (as per Statement of Financial Activities) Adjustments for: Amortisation charges Increase in debtors (Decrease)/increase in creditors Net cash provided by/(used in) operating activities |
2025 £ (453,768) 4,510 1,109 (4,125) (452,274) |
2024 £ 1,972,966 4,510 (4,188) (3,765) 1,969,523 |
|---|---|---|
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NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
16. Analysis of cash and cash equivalents
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Cash and cash equivalents | 2,351,192 | 2,803,467 |
17. Analysis of changes in net debt
| At 1 April | At 31 March | ||
|---|---|---|---|
| 2024 | Cash flows | 2025 | |
| £ | £ | £ | |
| Cash at bank and in hand | 2,803,467 | (452,275) | 2,351,192 |
18. Grant commitments
At 31 March 2025 the charity had the following commitments:
Commitments in respect of grants approved which have not been accrued in the financial statements but will form part of grants:
| Within one year Between one and two years |
2025 £ 21,000 - 21,000 |
2024 £ 347,248 160,390 |
|---|---|---|
| 507,638 |
The Charity intends to make the above grant contributions in the next year. Signed agreements with the grant Recipients are in place which commit the Charity to those donations. However, the Recipients accept that the Charity may be obliged to reduce, cancel or defer any scheduled payments in the event of unexpected alteration in the Charity's financial circumstance or, if in the opinion of the Charity, there has been mismanagement or misappropriation of funds.
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SIGNATURE CERTIFICATE
Document
Name E372_2025_03_31_The Evolution Education Trust - Full Accou Creator Nicole Meho (nicole.meho@sopherco.com) Date 03 December 2025 10:34:39 UTC Identifier fe0b35ad-42ed-4fb9-8075-ca0c99542b90
Signers
Michael.magnay@btinternet.com
E-mail Michael.magnay@btinternet.com Signed 03 December 2025 11:28:04 UTC IP address 193.104.63.62