CI)MPANY REGISTRATION NUMBER.. CE033223 CHARITY REGISTRATION NUMBER: 1204325 EVE FOUNDATION UK Charitsble Incorporated Organisation Unaudited Financial Statements 31 May 2024 K B M UK LIMITED Chartered Certified Accountants 1 Concord Business Centre Concord Road London UK W3 OTJ EVE FOUNDATION UK Charitable Incorporated Organisation Financial Statements Period from 11 August 2023 to 31 May 2024 Page Trustees, annual report Independent examinerfs report to the trustees Statement of financial activities (including income and expenditure account) statement of financial position 10 Notes to the financial statements 11 EVE FOUNDATION UK ChaTitsbla Incorporated Organisation Trustees. Annual Report Period from 11 August 2023 to 31 May 2024 The trustees. who ale also the directors for the purposes of cc>mpany law, presAnt their report and the unaudrted financial statements of the Chantable InCo￿1[ated Organssalion fot the petiod ended 31 May 2024. R•f8rence and adminsstratlve details Registergd charity namo EVE FOUNDATION UK Charlty regsstralion number 1204325 Company registration number CE033223 Principal offke and registered 31 Pepper Street office Tayside House London E149RP EnglarKI The trustees DrAnwaia Ali Ms Mahira Akhtar Naria Di kn'sa MKhelle Burke IAppointed 11 August 20231 {Appokiled 11 ALbJusI 20231 (Appointed 11 August 20231 Indopgndent examiner KBM UK Limited 1 COr￿[d Business Centre Concord Road London UK W3 OTJ EVE FOUNDATION UK Charitable Incorporated Organisation Trustees. Annual Report Period from 11 August 2023 to 31 May 2024 structure, governance and management Govorning Document EVE FOUNDATION UK is constituted as a charitabte incorporated organisation ICIOI. The charty is istered with the Charity C￿MiSsion and operates in accordance with chartty law. Tru$t¢e Recruitment and Appolntment The Board of Trustees is ￿sponsible for the overall governan￿ al￿ strategK direction of the tharity. Trustees are recruIt￿l through an open sdection process. ensuring a diverse range of skills and expertise. New trustees undergo an induGtion programme to understand Iheir roles and respDnsft)ilrties. Management and Operational Structure The day-to-day management of the charity Ès de￿ated lo the Chaimian 8TNJ other trusteesfteam l¢f applicab￿1, who report to the trustees regijlady. Gov•rnan¢e and Risk Managemert Policies Eve FoUndat￿n UK has established a strucbjred framework of polKies and Pr￿ed￿re$ to ensure robust govemance and effective risk management. The trustees o¥e¥5ee these Measu￿8, ensuring compliance wth regulatory requirernepls and the foundation's overarching mission. To maintain high governan￿ standards. the charity operates under a Set of dearly defined policies, including financial oversight, safeguarding, and ethical fundraising guidelines. These framewoTks help uphold Iran5parenGy and accountabilrty in all operations. In temis of risk management, the foundation conducts regular rÈsk assessments to identrfy polenllal financial, oper*ional. and rep￿atiOnal risk5. Strategies are in pl￿ to rnitigale these risks, Including financial controls. data protection prot¢xols, and safeguarding measures to enSUTe the safety of benèfiuaries. volunleers. and staff. The tnjslees regularly review and update these pol%cies to allqn wÉth best practices and regulatory changes. reinforcing the fOU￿at.0￿,S CLxnmilment to responsible and su$tainable operations. EVE FOUNDATION UK Charitable Incorporated Organisation Trustees. Annual Report(COntinu￿j Period from 11 August 2023 to 31 May 2024 Objectives and activlfjes The charttys primary objectwe is the P￿ver*I￿On or relief of povety in Bangladesh, Kenya, Pakistan and throLJghout England and Wales by providing health semces. sheker, education. and financial aid, to individuals and families in need. All a¢lwities are designed to advance public benefrt. ensuring those in financial hardship receiv& necessary support to improve their Circumstan￿S. Key Activities During the year, we have undertaken a range of initiatives ahgned wtth our mission to support and uplrft communities. Thes& include Intwnational - Bangladesh 1. Maternity Hospital Project in Bangladesh Eve Foundation UK h8S taken signiftcant steps toward e51ablishing a m8teTnrty hospital to address heatthcare inequalities lor women. Pr(ure5s includes securing donated land, appo&nting an architect, conducting a digitsl survey, and completing a feasibility study_ Additionalty. data collection and stakeholder engagement efforts have been carried 04Jt to ensure the prOJ￿t'S sustainability and vnpact. 2. STEM Education for Glrfs To encourage young w(Ynen from tow so¢io*conomic bat*grounds to pursue careers in me￿￿ine an science, we have conducted ded￿￿ted STEM workshops. These sessions provided hands-on leaming opportunities, mentorship, and guidance. aiming to break barriers and CTeate pathways forfvture female scientists arKI medKal professionals. 3. Legal Workshops and Support Cl&nics Recognising the challenges faced by w¢ynen from disadvantaged backgrounds, Eve Foundation UK has provided legal adm￿ and gLJidan¢e through workshops, clinics. and maslerclaBses for traineTS. These sessions covered critical area$ such as housing rights. homelessness support. and legal protections, empowering women with the knowledge and resources needed lo navigate c(YnpFex legal systems. 4. Mental Health and Wellbeing Support In rèsponse to incieasing mental hea5th challenges. particularty among w￿￿en in vulnerable situations, we have launched mental heafth support initiatives. This indudes wortshops on stress managemen( access to Professional counselling. and communty-led peer support groups to promote emotional resiliènce and wel1b￿n9. 5. EntrepTaneu￿h1P and Skills Development Pn)gramme To support economi¢ empowerrnenl. we have introdLKed trai￿ing programmes focusing on financial literacy, entrepreneurship, and skills devebpment. These workshops equip wgmen wlh Ihe tools to start their ¢￿n bLtsinesses, secure sustainable empk)JTnenl, and gain finarKial independence. EVE FOUNDATION UK Charitable Incorporated Organisation Trustees. Annual Report fcgnllM￿l) Period from 11 August 2023 to 31 May 2024 Strategic rèport The followng sections for achievements artd perfom)ance and financial remew fomi the strategic report of the Charitable Incorporated Organisation. StTategl¢ Aiins Strategic Focus for the Next Thrge Year5 Eve Foundation UK is dedicated to addressing crilul social challenges throLKJh sustainable, impacttul initiatives. Over the nexl three years, our straegic pwritres f￿￿S on LKkling key issues affeeting vulnerable ¢ommunittes. 1. Bullding a Matemty Hospital to Address Health Inequality in Bangladesh Establishing a fulfy functKJnal matemity hosprtal to improve access lo maternal healthcare in underseNed areas. Implementing a pha*J construction approach to ensure sustsinknle grO¥￿h and k)ng-tetm impact. Strengthening partnerships wtth healthcare profes5ional$ and organiSat￿nS lo enhance medical services both in Bangladesh and in the U 2. PToviding Community-Based Heahhcare to Ovgrcome Ba￿leT$ to Medical A¢ce55 Launching detached healthcare serV￿S to reach marginalised commuaities with essential medical supp(irt. orTering matemal and child health services beyond hosprtal setttngs lo build trust and improve oulwme5. Delivering preventative we inrtiatives to reduce reliarÈce on ernergency medfrcal inlwventions. Creating a commun((y grant Iccal Peop￿ can access f￿ medical expenses. 3. Expanding STEM Education and Ski115 DeV￿0pMent to Reduce Educattonal Disparitles Providing workshops and mentoring programmes to encourage Unde￿ePreSenIed groups, particularty women from low-income socH>econom¢¢ backgrounds, lo enter STEM fields. Offering training and skills devdopment opportunities in the UK and intemationally to promote lifelong leaming. Bridging the gap in edu&thal ac￿$ by delivering targetexl learning initiatives for disadvantsged communitles. 4. Providing ShalteT and Supportforvulnarnbk People to Combat Homelwssness and Insecurity Developing housing solutions tn Bangladesh to Pfotect arKI rehabilitate individuals al risk of homdessness. Establishing support rthorks that prowde access lo essential services, employment tr4ining. and long-temi stability. S. Bulldlng a Global Volunteer Network to Strèngthen Community Engagement and Collaboration Expanding stwthied volunteer recruilmeTrt in every county we operate in to fc6ter cross- cultural connections. Developing a network of ktal and inlemational volunteers to support ongoing initiatives. EVE FOUNDATION UK Charitable Incorporated Organisation Trustees, Annual Report(continuFd) Period from 11 August 2023 to 31 May 2024 Encouraging Skllksharir￿. friendships: and collective action to create meaningful and lasting change especially students Èn the medicaj field. By fo¢using on these key areas. Eve Foundation UK aims to ￿eate S￿stain￿)Ie soluik)ns that empower communities and address systemic ineuualilies. Risk Managgment The trustees regularly revtew risks affecting the chaTty, induding financial sustsinabilfty. compliance, and tsperatiOn21 risks. The trustees of Eve Foundakn"on UK fegulariy a5se55 and review fisks thal coukl inpacl the chartys operations, ensuring that proactive measures are tn place lo safegLtard its financial sustainability, compliance. and overall eftecliveness. To mil￿ale financial risks, the foundation maintains strKI financial controls, including regular audrts. transparent reporting, w)d is looking into how Tt can diver5¥fy its income streams to redu￿ reliance on any single funding source or season. complian￿ risk5 a￿ manage(S through adheref￿etO iegulatory r4uirements. ensuring that all activitie5 align with legal and ethical standards. Operational risks are a(klressed Ihrough robust governance stw¢lLtres, safeguarding policie5, and cDntingency planning. This indudes measures to proted benefJcÈaries, staff, and volunteers, alongside d8ta security protocols to prevent cyber threats. Risk assessments afe conductsd periodically.. and aclm plans are updated accordingly lo respond effectivety to emerging challenges. The trustees remain commrtted lo continuous improvement in risk managernenl, ensuring that the charity can adapt lo changing Circumstan￿ while maintaining the highest standards of ac¢ountabilfty and service delivery. EVE FOUNDATION UK Charitable Incorporated Organisation Trustees. Annual Report (cot￿n￿ed) Period from 11 August 2023 to 31 May 2024 Achievements and perfofThance Over the past year, Eve Foundation UK has made signffKanl progress in heatthcare, education, and comrnunity4riven initiatNes, strengthening access to essential services and expanding k)ng4emi impact. 1. Haalth¢are and Tackllng Inequalty Secured land for the maiemFty hospttsl in Bangladesh, Gompleted a digrtal survey and feasibilrty study. and appointed an architect lo begin development. Eng￿ed wth government agenc￿ in Bangladesh to explore support for the hospital's development and healthcare outreach programmes. Engaged with potential partners to develop the hospital and rts WKler hesllh services. 2. Education and Skills Development Ddivered STEM workshops to 212 gids. encouraging careets in Scien￿ ar*d medicine. Provided Advice & Guidance to over 111 women and career training to 70 indNiduaL8, SLJPF>Orting financial independence and socral tnobilty. Initiated discussions with a medical Unive¥sity to estsblish collaborative programmes for skills deveFopm8nl and research partnerships to cre3te 8 iricome stream for the hospital. 3. Volunteer and Communty Engagement Recruited and trained 55 volunteers across Bangwesh and the UK supporting and devebping key services in toth respeclwe countries. 4. Strdteglc Growth and Partnerships Slrengthoned partnerships with 21 key stskehoklers, including Med￿al professionals and communty leaders: to support lonTrterm sustainability. In(ciated a menlofship and leadership training programme. empowering volunteers to l*e active roles in expanding our inth"ativ8s. We measure our IMW through beAeficrary feedb￿. independent evalu*ions, and internal perfo[man￿ metrics lo ensure our ser¥￿e$ remain effective and iesponsive to community needs. Through these a¢hievemenls, Eve Foundation UK continues lo drive sustsinable change, fostering collaboration and delivering essenti31 ser￿lceS lo vulnerable communities. Financial raview The Charivs aclivitses during the year are described below.. Total collection from donations various sources was £80.957 out of which £110 was unre51ri¢ted and £80,847 restricted in nature. The ursrestricled and reStr￿ted expenditures were £734 and £13,500 respeetively during the financial year. EVE FOUNDATION UK Charltsble Incorpornted Oryani&*ion Trustees. Annual Report Period from 11 August 2023 to 31 May 2024 Plans fOrfU￿re perlods Lo¢*ing thad. we wm to 1. Exp￿dIng Heolthcare Access arnl Tackling Health Ineryility Eve FoLJrxlatiOFJ UK Is commilled to oddtB5sing diyits5 by c*)mpktiny the con$In￿n of a matèmty hc6pllal In Bang18desh. This f8cllity woifjde lrftrsamng m#temal (thild healihca services. particularfy wjmen In underseryed ar&¥. Aknngs¥Je Ihe hos￿1. we ￿711 implerrienl rA)mmuniW)as8d healtheare pr0grJmrn￿ b) ensure Ihal essenbal mediLxI support Ewhes those who face baNIe￿ to Ca￿ By inteyattsig thgsg sèrvlw ¥￿ aim to b￿d a sustainabl8 healthcare Z Enhancing E￿￿tioN and Skin&Devel We plan to expand our educzlkn and tratyiiry iiitiatNes, ￿ a 51tmg en¥thasi% on STEM leaming. By prowdbw w￿hop￿. menttylr4J prtyJrammes. and 42w guthr￿e. ￿ wlll corEtimieto support54)ung people. partt¢ulady gwls. in w￿U¥r¥d opporfLEnities in 5cÉgnce. tec*n(4oyy. ￿g￿￿erirWJ. and medi¢1￿. Addltionatty, we alm lo enharKe profwonal trainirg and sws deNplopmrt equipF4roa WKfNldu*s wilh the loo1$ they need to achieve bng-tsm econom￿ ￿d￿denCe ar)d caYeersucra8. 3. 51rengthenlng C+)mmunlty ￿gageMe￿aThd Volun*er Ileiwotss B￿1￿ling on our exlstHig work, wa Y￿11 deveknp a stru(*Jr*l gk>bal volunteer neisth to suprKsrt t)ur initiotivesacross all theujuntries wheTr*E oparate. ByieL¥Uitng trainlng Volunte￿$. we will creat 4>p<*¥m￿e$ for meaningftA engagemwiL fostuir¥J Èr¥J coHaborziion while strw)gthening Ihe ￿pact of our pn)gr8rnme$. F48y g vital deliverirtyj servw, lalsing Reserves Po51Gy The Board 0fTwSt￿ mgint&ns 8 rewbes p￿¢Y to 8r19ureffinanty￿ sustthabfty. The charlty alms to hdd Teserves to cover 6 rntytths of operati￿1 o)sts, erwiiry 51abilty in unforeseen drGunstan¢es. The trustees, annual report aryd the str** VH8 8wo*d ￿ 14 20￿alvI sigi8d on. bohalfof tho board of tnJstBes by. Dr Anwwa Ali TnJste8 EVE FOUNDATION UK Charitable Incorporated Organisation Independent Examiner's Report to the Trustees of EVE FOUNDATION UK Period from 11 August 2023 to 31 May 2024 I report to the trustees on my examinabon of the financial statements of EVE FOUNOATION UK I'the Charitable Incorporated Organisation'l for the peri￿J er￿ed 31 May 2024. Responsibilitie5 and bas1$ of report A5 the Iruslee> of Ihe company {and also its di.'eGtois for the purposes of company lawl you ar& resFensible for the preparation of the finarscial ststements in accordan￿ wrth the reqL¢iremenls of the Companies Act 2006 Ilhe 2006 Acri. Having satisfied myseW th?t the accourts of the company are not required to be audrted urvjer Part 16 of the 2006 Act ard are eligible for independent examination, I report in respe¢t of my examination of the Charitable Incorpofatsl Organisation's accounts as carned out under section 145 of the Charitses Act 2011 I'the 2011 Acl'l. In Caryng oul my examination I have followed the Directions given by the Charity Commission under section 14515}(b) of the 2011 Act Independent examinefs statament I have completed my examination. I confimi that no matters have come to my attentton in connection with the examination 9iviny me causa to believe= accounting recoids were not kept in respect of the Charitable Incorporated OrgaTri8at¢on as required by sects'on 386 of the 2005 Acl.. or the financial statements do not accord with those reoxds", or the financial statements do not cC￿Pty with the 8ccoun*irtg requirements of sectM?n 396 of the 2006 Act other than any requirement that the accounts give a 'lrue and fairf view wh￿h is not a matter consideFed as part of an independent examIr￿10￿'. or the financial slalements have not been prepared in accordance with the mdhods and principles of the Statement of Recommended Practv for accounting and reporttng by charib.es applicab￿ to charities preparing their accounts in *cordance with the Financtal Reporting Standard applicable in the UK arKI Republic of Ireland IFRS 102}. I have no concerns and have CL¥ne across no other matters in connection the examination lo which attention should be drawn in this report in order lo enab￿ a proper understanding of the accounts to be reached. KBM UK Limrted Independent Examiner 1 Concord Business Centre Con¢ord Fload London UK W3 DTJ 14 Mar 25 EVE FOUNDATION UK Charitable Incorporated Organisatlon Statement of Financial Activities (including income and expenditure account) Period from 11 August 2023 to 31 May 2024 Pèriod from 11 Au 23to31Ma Unrestricted Re5tNcled nds funds Totsl funds 24 Income and endowments Donations and legacies Total Income 110 80,847 80,847 80.957 110 80.957 Expenditure Expenditure on raising funds.. Costs of raising don*ions Expenditure on charitable acliyrties Total expenditure 3,000 10,500 3,000 11,234 734 734 13,500 14,234 Net income (624} 67.347 66,723 Transfers beiween funds 624 {624) Net movement in funds 66,723 66,723 Reconciliatlon of funds Total funds brought forward Totsl funds carried forward 66,723 66,723 The statement of financkgl ￿t￿ltieS includes all gains and losses recc>Jnised in the year. All income and expenditure dwive fiDm continuing activities. The notss on page¥ 11 to 15 fom) part of the88 financtal ¥tatom•nts. EVE FOUNDATION. UK Charitable IncoTroYatsd Organlsatlon Statement of Flnancial Posrtion 31 May 2024 31 May24 Currènt assets Cash at bank and ￿ hand Nef current as¥éts 67.323 Totsl o95#ts Jess CUTrgnt IlabllW•s 67,323 Accruals 4nd deferred 5neomt Net a9Sets Fun(ts of the ch•ity R88tricted funds 66.723 66.723 Total Charity funds 12 For period end¥￿ 31 May 2024 the ChaFlt3ble Ir5corptrth Or9antsation was enliU6d to exemption from audlt under se¢tion 477 rfthe Companie5 A¢t 2fKkS retabng.to small rximp8rries. Dtr8ctors' respL￿S￿lI￿￿eS. The memt*ts have rwjl requFred ￿ ￿onpany10 obtwon audiiof ts trnc￿l st*qnents forthe direCtors￿￿WIedgethetr r&8tMThit1iitEesforts￿￿￿51n9.￿y¥ theWirem￿tr OYtheAct4 These financial sf*ements have been prepar&Y in ac￿Vd￿ thè Prow￿ applicablu to crjmpanles 5ubjedto the snwll L¥>m￿nEe$. reglme. fffjancial statem*)t8 wefe atprovod by Ihe board oftn>tee8 aulhxt*aforF8sue.on 14 Mor 2S, and are $rgned on behaltof the board ty. Dr AnwAra Al TTU6tee EVE FOUNDATION UK Charitable Incorporated Organisation Notes to the Financial Ststements Period from 11 August 2023 to 31 May 2024 General Infomiation The Charitable IncorpoTaled Organisation is a public benefit entity and a register￿ charty in Ellgland and Weles. The address of the registered office is 31 Pepper StTeèt, Tayside House, London. E14 9RP. England. Statement of eomplianee These ffinancial statements have been prepared in ￿m￿lanCe wth FRS 102. The Financial Reporting Standard applicable in the UK the Republic of Ireland the Statement of Recommended Practice applicab￿ to chanttes preparing their a¢¢ounts in accordance with the Financial Reporting Standard applicable in the UK ReputAiG of Ireland IFRS 1021 Icharities SORP IFRS 102)} and the Companies Act 20￿. Accourrting policies Basls of preparatlon The financial statements have been Pfepared on the historical cost basis. as modified by the revaluation of certain financial assets and Ik8bilities and invesknent properti8s measured al fair value IhroLtgh 4nccKne or expendrture. The financial statements are prepared in sterling. ¥thich is the ftjnctional CUTrency of the entity. Going co￿9rn There ale no material uncertaintss about the charitys ability to continue. Judgements and kgy sour¢¢s ol frstimatlon uncertainty The preparation of the financial statements requires management to mae judgements, eslim*es and assumptions that affect the amounts reported. These eslimates and judganents arè continually revithyed and afft based on experience and other fact¢X5, including expeGtaltOns of future events that a￿ beliewl lo be re8s¢N)able undef the circumstances. Fund a¢countsng Unrestricted funds are availab￿ for use at the discretion of the trustees to further any of thè charivs purposes. Designated funds are unrestricted funds earmarked by the trustees for partscular future prciect or commrtmenl. Restricterl funds a￿ suLy'ecled to restiKtiolls on Iheir expenditure declaied bythe donor orthrough the lems of an appeal, and fall into one OflY￿ sub-classes". restricted income funds ol endowment fvnds. q1 EVE FOUNDATION UK Charitable Incorporated Organisation Notss to the Financial Statements fconthv Period from 11 August 2023 to 31 May 2024 Aecounting policies {c£HthuE(IJ Incoming resources AFI incoming resoufces are included in the st*ement of finanual activtties when entitlement has passed to the Charity.. rc is probable that the eGonomK benefts associated ￿1th the transaction will flow to the charity and the amounl can be reliabty measured. The following specrfic policies are applied to particular categories of income: income fr￿) don*ions or grants is reco9nised when there is evidence Df ent¢tlement to the grfl, receipt is p￿)￿a￿e and its gmc)unt can be mtrdsur&l ieiiably. legacy income is recogn¥sed when iewpt probab￿ and er>t￿ement is estsblishal. income frorn donated goods is measured at the fair value of the goods unless this is impractical lo measure reliably. in which case the value is derived ftom the cost lo the donor or the estimated resale walue. Donated facilities and ServI￿S are recognised in the ?ccounts when received if the value can be reliably measured. No amounts arè included for the contribution of general vdunteers. income from ¢ontra¢ls for the suppty of setv1￿ is re¢ognised wf(h Ihe delivery of the contracted service. This dasstfied as unrestricted funds unless there is a cDntract*Jal requirwment for (( to be spent on a particular purpose and retumed rf unspent. in which case it may be regarded 8$ restricted. Resources •xpended Expendrture is recognised on an ￿r￿alS basis as a Ik8bilrty ts incurred. Expenditure includes Any VAT which cannot be fully recovered, and is classrFied under headings (rfthe statement of financial activ￿e$ to which it relates.. expenditUf8 on raising funds includes th& costs of all fvndr8ising actiMtÈes. events. non- charitable trading actIv[t￿5, and the sale of d¢)nated goods. expenditure on charit*sle acliwlies includes all Costs incurred by a charity in undertaking adivilies that lurthef its charrtabk aim5 for the benefrt of rts ber￿ficiar[e5. In¢￿￿1ng those support costs and costs relating to the govemance of the charity apporboned to charitable activities. (Ahei expenditure includes all ex￿￿drturÈthat is neither related to Rising funds forthe charily nor part of its expendrture on charElable activrties. All costs arè allocated to expenditure categories releth.ng the use of the resource. Direct costs attribulabte to a Sing￿ aclivty are alhJcated direelly lo that activty. Shared costs are apporb.oned between the activities they contribute to on a Tea50nabk. justifiablo and consisterrt basis. Financial in$trum•nts A financial asset or a financi?1 liability is recconised only when the Charrtablg IncorporalecE Organis*ion becomes a paty to the contrxtual pnMsi¢)ns of the instrument. 12 EVE FOUNDATION UK Charitable Incorporated Organisation Notes to the Flnancial Statements icon￿￿8dj Pèriod from 11 August 2023 to 31 May 2024 Accounting policies (cwthued) Flnancial instTvments (coB#nu8dl Basic financial inst￿mentS are initially recognised al the amounl re￿Nable ￿ payabte ineluding any rdated transaction costs. Current assets and current liabilthes are subsequenlty measur&d al the cash or other consicleralion expected to be paid ￿ received and not discounted. Debt instruments are Sltbsequentty measured al amortised cost Where investments in shares a￿ publicty traded or their fair vabJe can othewse be measured reliably. the investment 15 subsequently measured al fair value wilh Ghanges in fair valuè re¢ognised in trncome and expenditure. All othw such investments are subsequently measured al Cost less irTrpairmenl. Other financial instrumenls, including deriv2tives, are inilialty recognised at fair value, unless payment for an asset is deferred beyond normal business temis or financed at a rate ol interest that is rtot a market rate, in whiGh case the asset is measurtsd al the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are sub5equer¥lty measured at fair value, wilh any change$ recognise ir the statement of financial actiVEbes, with the exception of hedging Inslrurnents In a destgnated hedging relationship. Financial assets Ihat afe measured at cost or am()rtis￿ cost are ieviewed for cknjedive evidence of Impainnent al the end of each reporting dale_ If there is ob3-e¢tive evirten￿ of TrnpaiTmenl, an impaimenl loss is recognised underthe appropriate heading in the slatfrment of financial activities in which the initia gain was reco9nised. For all equity instruments regardless of SMJnrfThn￿, and other financial assets that are individually signrficanl, Iheso are assessed individually for impaimient. Other financial assets are either assessed individually or grouped on the basis of similar cr&Yrt risk characteristics. Any reversals of impaim)ent are recognised immedi*ely. to the extent that the reversal does not resLtIt in a carrylng atnouTrt of the finan￿al assèt thal exceeds what the carrying amount would have been had the impairment not Pfevwsly been reccgnised. Charttable incorporated organbatlon The charity is Chaiitable Incorporated OrganTrsation and has no share capital. The liabl1￿Y of each member in the event of winding up is limiteé to £1. Donations ar￿ legacles Unrestricted Funds R&stricted Total Funds Funds 2024 Donations Donations received 110 80,847 80.957 13 EVE FOUNDATION UK Charitable Incorporated Organisation Notes to the Financial Ststements l¢onbnued) Period from 11 August 2023 to 31 May 2024 Costs of raising donations Restn"cled Total Funds Funds 2024 Costs of raising donations 3.000 3,000 Expenditure on ¢haritabl6 activÈties by type Unresttict Funds Restrited Total Funds Funds 2024 Charitable Actrvity Support costs 10,500 10,500 734 734 10,50Q 11,234 Expenditu￿ on charitable actlvÉiies by activity type Activities undertaken diieGYy Support costs Total funds 2024 Charitable Activity Governance costs 10,500 10,500 734 10,500 734 11,234 Independent examination fees Period from 11 Aug 23to 31 May 24 Fees payable to the independent examiner for. Independent examination of the financial statements Other financial services 200 10. Staff costs The average head count of empk)yees during the period was 1. The average number of ftjlktune eqkjivalent empEoyees during the pericmy is analysed a5 fdlows.. 31 May 24 Number of staff 14 EVE FOUNDATION UK Charitable Incorporated Organisation Notes to the Financial Ststements (conllnusg Period from 11 August 2023 to 31 May 2024 10. Staff costs (continwdj No employee received employee benefits of more than £60.000 durÈng the year (2023.. Nil). 11. Trustee remuneratton and expenses No remuneration Of Other benefits from *nploymenl with the chanty or a related entty weTe received by the Iruslees. 12. Analysis of ¢haritable funds Unrestricted funds At 11 August 2023 At Transfers 31 May 2024 Income Expenditure General funds 110 1734) 624 Restricted funds At Tr8nsfèts 31 May 2024 11 Au9LISt 2023 Income Expendrture Restricted Funds 80.847 {13,500} 16241 66.723 15