**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
- 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:
- 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;
- 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;
- 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
- 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:
- making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud;
- considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations; and
- understanding the design of the Company’s remuneration policies.
- 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
- 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:
- agreeing financial statement disclosures to underlying supporting documentation;
- reading the minutes of meetings of those charged with governance;
- enquiring of management as to actual and potential litigation and claims; and
- 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.
Page 13
## **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**|
Page 14
## **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|
Page 15
## **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**
Page 16
## **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|
Page 17
## **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|
Page 18
## **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|
|---|---|---|
Page 19
## **THE EVOLUTION EDUCATION TRUST**
## **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.
Page 20
## **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**